Limited Liability Partnership In India Pdf

Taxation: LLP is not necessary to pay surcharge on revenue tax. Authenticity, credibility and reliable solutions are some of the attributes that have been tagged to the organization just after finding legal registration below corporation act 1956 of India. The initial step is to get DSC of the desired partners of the Limited Liability Partnership. two. For the registration of LLP, An LLP must have minimum two partners. The expense of LLP incorporation is lesser than a Private Limited Business incorporation and compliances are less stringent.

Partners are severally and jointly liable