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What is an LLP company in India?
What is a limited liability partnership (LLP)?
What are the advantages of a private limited company to LLP?
What is an LLP & how does it work?
13 hours ago · A Limited Liability Partnership (LLP) in India is a legal business structure that combines the flexibility of a partnership with the benefits of limited liability. India introduced the concept of a Limited Liability Partnership (LLP), regulating it through the Limited Liability Partnership Act of 2008. Establishing an LLP requires a minimum of ...
4 days ago · Proprietorship. Sole proprietor owns and operates the business. Owner personally liable for business debts and obligations. Owner has complete control and decision- making authority. Income taxed as personal income of the owner. Tax rates range from 5% to 30% (plus applicable surcharge and cess).
3 days ago · What is a Limited Liability Partnership (LLP)? A Limited Liability Partnership (LLP) is a distinct legal entity that provides its partners with limited liability protection. This means that the personal assets of the partners are shielded from the debts and liabilities of the partnership.
3 days ago · Understanding Limited Liability Partnership (LLP) A Limited Liability Partnership (LLP) is a hybrid business structure that combines features of a partnership and a corporation. It provides the benefits of limited liability to its partners while allowing them to actively participate in the management of the business.
5 days ago · On October, 27, 2023, the Ministry of Corporate Affairs, had notified the Limited Liability Partnership (Third Amendment) Rules, 2023 [1] . These rules mark a significant milestone in the evolution of Limited Liability regulations in India. These rules mandate the limited liability partnerships (LLPs) to maintain a register of partners, which ...
3 days ago · Introduction: In recent years, Non-Resident Indians (NRIs) have increasingly shown interest in partnering with Limited Liability Partnerships (LLPs) in India. The regulatory landscape has evolved...
5 days ago · A Limited Liability Partnership (LLP) is a unique type of business setup that blends a partnership's and a company's features. In an LLP, partners enjoy limited liability, similar to shareholders in a company, while also benefiting from the flexibility and simplicity of a partnership.