Reasons Why are LLPs Popular in India
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1.
Limited Liability : Partners aren't personally liable for business debts.
2.
Fewer Compliance Rules : Less paperwork than a Pvt. Ltd company.
3.
Cost-Effective : LLP registration is more affordable.
4.
No Capital Requirement : Start with any amount of capital.
5.
Flexible Management: Fewer restrictions in decision-making.
6.
Tax Benefits : No dividend distribution tax (DDT).
7.
Separate Legal Entity : LLPs can own property & continue even with partner changes.
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