The Benefits of a Limited Liability Partnership are Mentioned Below.It is Comparatively Flexible for Organizing the LLP’s Internal Structure than for organizing a company’s internal structure.The Partners of an LLP do not have a limit but in a private limited Company, the Maximum number of shareholders can be limited.The Utilizing and raising of the funds depend on the will of the partners. Funds are utilized and bought only according to the norms listed under the respective Acts.There is no Compulsory audit as well. All the companies, be it public or private, irrespective of their capital shares need their accounts to be audited. However, in the case of an LLP, audits are not mandatory.