Start Your Limited Liability Partnership (LLP)
Simple, stress-free LLP formation to protect your assets and enjoy flexible tax benefits as your business grows.
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Advantages of a Limited Liability Partnership (LLP)
LLPs combine the flexibility of a partnership with the benefits of limited liability. Here's why many professionals and startups choose LLPs.
Limited Liability
Partners are protected from personal liability, unlike traditional partnerships.
Separate Legal Entity
LLPs are distinct legal entities, capable of owning property and entering contracts.
No Minimum Capital
LLPs do not require a minimum capital contribution to start.
Tax Efficiency
Profits are taxed at the partner level, avoiding double taxation.
Operational Flexibility
LLPs enjoy internal flexibility without strict compliance rules.
Ideal for Professionals
Suitable for lawyers, architects, consultants, and service-based partnerships.
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FAQs for Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a flexible business structure that combines the benefits of a partnership with the limited liability of a corporation. Each partner’s liability is limited to their investment in the business.
Most jurisdictions require at least two partners to form an LLP. There is usually no maximum limit, making it ideal for professional groups like lawyers, accountants, or consultants.
Yes, partners in an LLP enjoy limited liability protection. They are not personally liable for the debts of the LLP or the negligence of other partners.
LLPs often enjoy pass-through taxation, meaning profits are taxed at the partner level instead of the entity level, helping avoid double taxation.
An LLP is easier to manage, has fewer compliance requirements, and offers flexibility for professional services. However, it may have fewer options for raising capital compared to a Private Limited Company.