Incorporation of a LLP

• July 29, 2020
• CA Chandan Agarwal's Office

Incorporation of a LLP

What is LLP?

LLP is a body corporate formed and incorporated under LLP Act, 2008. It is a legal and separate entity from that of its partners.

Benefits of LLP:

LLP has a benefit of being a separate Legal Entity and liability and responsibility of every partner are limited to the contribution made by the partner.

Relatively the cost of forming an LLP is low also there is no minimum capital contribution.

There is less agreement and Regulations in the formation of LLP.

LLP Incorporation Process

Read more on: https://taxguru.in/corporate-law/incorporation-llp.html