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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