What is a Limited Liability Partnership?
When starting a business, you want to choose a business structure that will help your purpose. This decision of yours will define the taxes you pay, the liability, and your obligations to the government bodies. LLP is a corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership firm. It is registered as per the compliance and regulatory guidelines of the Ministry of Corporate Affairs (MCA). In this guide, we look closer at the benefits, setup requirements, and steps to incorporate an LLP in India.
