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Limited liability partnership

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LIMITED LIABILITY PARTNERSHIP

LLP is a partnership in which partners are having limited liabilities and registered under Limited Liability Partnership Act, 2008.

Why Limited Liabilities Partnership Company?

Low Registration cost

The cost of Registering a LLP is lower than cost of registering a company.

Number of Partners

A LLP requires minimum 2 partners. There is no limit on maximum number of partners.

Capital Contribution

There is no limit on minimum capital contribution in case of LLP.

Audit Requirement

There is no mandatory requirement of tax audit unless contribution of LLP > Rs. 25 Lakhs or Annual turnover > Rs. 40 Lakhs.

DDT

DDT not applicable in case of LLP and profits can be easily withdrawn by the Partners.

Register A LIMITED LIABILITY PARTNERSHIP

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