Another convenient and inexpensive option for small and mid level service providers like IT consultants, advertising agencies, financial & insurance advisors etc would be formation of Limited Liability Partnership LLP. A limited liability company, or LLP, is a business entity created under state laws which has the characteristics of both a corporation and a partnership. An LLP is becoming the most popular way to start a business due to the following advantages: LLPs are easy to set up and maintain Members are typically not liable for the debts of the LLP Income and losses can be passed through to members as in a sole proprietorship or partnership LLPs do not have the same corporate formalities as a corporation An LLP has a flexible management and ownership structure
The perfect structure for professional services firms such as financial advisories and ad agencies. Find out all about Limited Liability Partnership Registration. Here is what our service includes:
Just like a company, LLP has a separate legal entity differ from the partners. Liability of partners is limited to their share of contribution.
Scope of Business and rights and duties of all partners are governed by an agreement between the partners also known as LLP Deed . Also, the partners can devise the agreement as per their choice. If such an agreement is not made, then the Act governs the mutual rights and duties of all partners.
Unlike a general partnership firm, a limited liability partnership can continue its existence even after the retirement, insanity, insolvency or even death of one or more partners. Further, it can enter into contracts and hold property in its name.
all inclusive fees
all inclusive fees
all inclusive fees