Key Benefits
- ✔
- ✔ Removes the Dividend Distribution Tax (DDT) and the tax on buyback of shares, allowing for more tax-efficient profit withdrawals.
- ✔ Reduces administrative overhead by doing away with the necessity of holding formal Board Meetings or Annual General Meetings (AGM).
- ✔ Provides significant flexibility in the internal management and distribution of profits based on the LLP Agreement.
- ✔ Offers a lower compliance cost structure, making it ideal for small to medium enterprises and professional service firms.
- ✔ Exempts the entity from several complex secretarial compliances and maintaining voluminous statutory registers required for companies.
- ✔ Retains the "Limited Liability" protection for partners, ensuring their personal assets are shielded from business liabilities.
- ✔ Simplifies the process of capital contribution and withdrawal compared to the rigid share capital norms of a Private Limited Company.
We Are Recognised On
We Are Recognised On
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