According to the Section 2(1)(n) Limited Liablity Partnership Act, 2008 "L.L.P. means a partnership formed and registered under L.L.P. Act, 2008"
A corporate business vehicle that enables professional expertise and entrepreneurial initiative to combine and operate in flexible, innovative and efficient manner, providing benefits of limited liability while allowing its members the flexibility for organizing their internal structure as a partnership.
>> Seperate Legal Entity
>> Easy to start
>> Limited Liability
>> No Minimum Capital Requirement
>> Any Number of Owners
>> Capacity to sue & be sued
>> No requirement of Compulsory Audit
>> Dividend Distribution Tax (DDT) not applicable
>> Limited Liability Partnership (LLP) Registration
>> Annual Filing
>> Income Tax Return Filing
>> DIN KYC