Kapil kumar
Quick Summary
Introduction In India's fast-changing business environment, choosing the right business structure is important for long-term success. A Limited Liability Partnership offers the right balance by providing operational flexibility while protecting personal assets. A Limited Liability Partnership (LLP
Daily Limit Reached
You have reached your daily limit of 2 Free Articles
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited Articles Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
An LLP is a modern business structure in India, established under the LLP Act, 2008, that combines the operational flexibility of a partnership with the benefit of limited liability for its partners.
LLP registration protects partners' personal assets, as their liability is limited to their investment in the business. Their personal wealth is safe from business losses or legal issues.
No, there is no prescribed minimum capital requirement for registering an LLP in India, making it an affordable option for startups and small businesses.
LLPs are taxed at a flat rate, and profit distributions to partners are tax-exempt in their hands. They also avoid dividend distribution tax, making them financially efficient.
Yes, LLPs can receive foreign direct investment in permitted sectors under FEMA guidelines, facilitating global partnerships and expansion.
No, an LLP has perpetual succession, meaning it continues to exist regardless of changes in partners due to retirement, death, or insolvency.
CAclubindia
