Benefits of forming LLP - Limited Liability Partnership in India (Part 1)
Channel: One-Stop Law
Date: 29/07/2021

This Video is about the benefits of forming a Limited Liability Partnership. It explains the distinct features which make an LLP attractive business option. LLP are easy to form and have a number of advantages. The Limited Liability Partnership Act 2008 may be found here:- https://www.indiacode.nic.in/bitstream/123456789/2023/1/A2008-06.pdf

Chapter Details
00:00 Support - Subscribing & Sharing
00:17 Section 27 & 28 - Partners Protected
00:41 Easy to Form
00:58 No Capital Restrictions
01:07 No Mandatory Audits
01:15 Lesser Compliances
01:21 Fewer Taxation Implications
01:30 Separate Legal Entity 

Next Video on how to form a LLP will be uploaded soon. Stay tuned for more.