Company & Llp Incorporation on MCA Related Work

  • It has a separate legal entity just like companies.
  • Minimum two persons should come together as partners to establish LLP. 
  • There is no upper limit on the maximum number of partners.
  • There must be a minimum of two designated partners.
  • Atleast one designated partner must be a resident of India.
  • The liability of each partner is limited to the contribution made by the partner.
  • The cost of forming an LLP is low.
  • Less compliance and regulations.
  • No requirement of minimum capital contribution.