Seamless Services: LLP Registration in Delhi NCR, Noida, and Gurgaon
LLP is a legal tax entity where every partner has a limited personal liability for the debts or claims of the partnership. LLP is a firm established by a minimum of two partners who enter into an LLP agreement. LLP has limited liability and LLP has perpetual succession just like a company. LLP has everlasting succession just like a company. Advantages of LLP Separate Legal Entity: Like a company, LLP is a separate legal entity. It can sue and can be sued in its name. It has gained the trust of various stakeholders, customers, and suppliers which has imbibed trust of various stakeholders and gives the customers and supplier's confidence. Limited Liability of the Partners: LLPs are not personally liable for any loss, they are only liable to pay the contributions. In case of insolvency, only LLP assets are liable for debt clearing. There are no personal liabilities on the partners and they can operate freely as credible businessmen. Low Cost and Less Compliance: In comparison to t