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The Limited Liability Partnerships are prominent and popular form of doing businesses in countries across the world. These LLPs are elegant and easy means of combining entrepreneurial initiative with requisite capital and other resources, the professional expertise, and creative knowledge about the business concerned. The taxation liabilities of LLP are different, and generally less than that of the business corporations. Other benefits of limited liability partnerships are outlined in the section below. A LLP is an optional corporate business form that offers advantages of limited liability of an enterprise and the adaptability of a partnership.
The outstanding salient features or benefits of the limited liability partnerships are:
Steps involves in LLp registration
We offer LLP registration services which are highly renowned as a one-window-solution provider for LLP registration services in Delhi/NCR. We offer professional assistance in getting your LLP Registration at competitive rates and in a short span of time. We area of our with regards to LLP is as follows:
Private Limited Companies are those types of companies where minimum number of members is two and maximum number is two hundred. A private limited company has the limited liability of members but at the same time it has many characteristics as those of a partnership firm. A private limited company has all the advantages of partnership namely flexibility, greater capital combination of different and diversified abilities, etc., and at the same time it has advantages of limited liability, greater stability and legal entity. In this sense, a private limited company stands between partnership and widely owned public company. Identifying marks of a private limited company are name, number of members, shares, formation, management, directors and meetings, etc., The maximum number of directors shall have to be mentioned in the Articles of Association. In the grand of privileges and exemptions, the Companies Act has drawn a distinction between an independent private company and other private company which is a subsidiary to the other public company.
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