Register a
Limited Liability Partnership (LLP)

 You can enjoy several advantages by registering an LLP, including:       

1. Limited liability: LLP offers limited liability protection to partners, meaning that their personal assets are protected in the event of the LLP's failure.

2. Separate legal entity: An LLP is considered a separate legal entity from its partners, which allows it to enter into contracts, borrow money, sue and be sued in its own name.

3. Flexibility: LLP provides its partners have more flexibility in management and control of the business compared to a private limited company.

4. Easy to incorporate and maintain: The LLP registration process is relatively easy and straightforward, and it does not have as many compliance requirements as a private limited company.

5. Cost-effective: LLP is relatively cost-effective as compared to other forms of businesses, as it does not require to hold annual general meetings or appoint auditors.

6. Taxation: LLPs are subject to lower tax rates than private limited companies.

7. Perpetual succession: LLP has perpetual existence means LLP continues to exist even if partners come and go.

8. No minimum capital requirement: There is no minimum capital requirement for the partners of the LLP. Hence, they can contribute the amount towards the LLP as per their requirement.

9. No restriction on the number of partners: An LLP should have at least two partners but can have any number of partners as per its requirement, unlike a private limited company which has a limit on the number of shareholders.