1. LLP is separate legal entity form its partners.
2. It can raise funds from Partners, Banks and NBFCs.
3. The procedure for Incorporation, conversion and closure of LLP is simple and easy.
4. It has assets and liabilities that are separate from that of the promoters.
5. LLP can easily Transfer its ownership.
1. Filing of Annual Return
2. Form -8
3. Form -11
4. Maintenance of Books of Account
5. Filing of Income Tax Returns
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