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LLPs are subject to fewer regulations and compliance requirements making it easier to manage ongoing operations.
Lower Compliance
Offers more flexibility in the management structure. Partners have the freedom to decide on their roles and responsibilities. There is no requirement for a fixed management structure.
Flexible Structure
Profits are taxed only once at the LLP level, and partners are not taxed individually on profit distribution.
Tax Benefits
TWO PARTNERS
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Pan Card
Aadhar Card
Partner's Address Proof
Company Address Proof
Photographs
An LLP is a business structure that combines the benefits of a partnership with the limited liability of a company. It offers flexibility in management and limits the liability of partners to the extent of their contributions.
An LLP requires a minimum of 2 partners to be formed. There is no maximum limit on the number of partners.
LLPs must file an annual return, a statement of accounts and solvency, and income tax returns. They must also maintain proper books of accounts.
Yes, an LLP can be converted into a Private Limited Company, provided it meets certain legal requirements and obtains necessary approvals from the relevant authorities.
One Person Company
Private Limited Company
Limited Liability Partnership
Annual Mandatory Compliances
ROC Compliances
Income Tax Compliances
Hyderabad
Delhi
Mumbai
FSSAI Registration
Trademark Filing
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