What are the advantages of LLP Registration
What are the advantages of LLP Registration? An LLP is a type of business entity where all the partners have limited liabilities. The LLP is the most popular option for professionals for conducting their business and it is a good choice for those who are involved in the business of consultancy. It is a separate legal entity and the partners are liable for their respective contributions. It has flexible management roles It is easier to form an LLP. The formation of an LLP only require the partners to fill out a registration form and file it with the local secretary of the state The cost involved in registering an LLP is comparatively lesser than that of a Private Limited Company . Transfer of ownership is easy. There is no maximum limit of partners when it comes to incorporating your business as an LLP. A minimum capital requirement is not needed to register your firm as an LLP The liability of members in respect in respect to the LLP...