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Why Should You Choose An LLP?
The Registrar of Companies (RoC) has issued naming guidelines for LLPs. You must follow the rules closely or your application may end up getting rejected, leading to a much longer process.
The minimum number of partners to incorporate in an LLP is 2 and the maximum number has no limit. The powers and responsibilities of the designated partners, are administered by the LLP agreement. They are directly responsible for the compliance of all the provisions which have been mentioned in the “LLP Act, 2008” and terms defined in the “LLP agreement”.
If you want to commence your company with a “Limited Liability Partnership”, then you must get it incorporated under the Limited liability Partnership Act, 2008.
Any kind of company is required to adhere to/fulfill certain specific conditions, to obtain the benefit of “registering as an LLP”.
Any company who has:
Still, all the aspiring entrepreneurs prefer the tag of a “Private limited Company” for obtaining certain benefits such as “ease in transfer of shares and a significant potential for future growth”.