LLP VS OTHER BUSINESS STRUCUTRE IN INDIA

If conducted comparison between LLP vs other business structure, LLP supersedes the chart. As the name suggests, LLP gives the partners running a business limited liability, in simple terms, it means the partners involved in a business have limited liability, no individual partner is liable for the liability and misconduct created by another partner. The Limited Liability Partnership Act, of 2008 governs the rights and duties of the partners, and these partners and responsible for compliance with the provisions of this act. It is an alternate form of business, which is different from sole proprietorship, partnership and company. LLP gives limited liability to the patterns in a business and also flexibility in the independent decision-making to the partners who are operating a company besides that, it also has a very low compliance cost. Choosing the business structure, as a business owner is a very important decision the blog draws a comparative analysis between LLP and all the forms of business, which would help business choose for themselves as per their requirement in the business