What is LLP Agreement? Limited Liability Partnership Chapter 2

Atul Joshi

Atul Joshi is a front end developer, designer, edupreneur and a cheerful guy who loves creativity. Designing helps me keeping my creativity alive by taking new challenege and option for a rewarding career as well. I always has a hunger to learn new things and apply as per my gut feeling, experiment and reach for result

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  • http://www.vakilsearch.com Eaga

    Great post. I like to share advantages of LLP:
    1. In an LLP, only the amount invested in starting the business would be lost; all personal property would be safe.
    2. Tax Advantages
    There are some important advantages over the private limited company. For example, Dividend Distribution Tax and tax surcharge don’t apply. Loans to partners are also not taxable as income.