The Limited Liability Partnership Act, 2008 establishes the concept of LLP in India. The idea behind allowing online limited liability partnership registration is to create a hybrid business model. Hence, you get the flexibility of the informal partnership firm and advantages of Corporate Body like Company to bring together under one structure of organisation. As a result, the advantages of LLP over partnership firms are a surplus. Through this blog, you will get a clear idea of the concept advantages, benefits of LLP vs Partnership firm. Let’s dive in to understand why LLP is better than partnership…………………
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