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Question 1. Asked on :06 October 2020:12:04:22 PM

 Write the beneits of LLP?

-Added by nisha sheikh Accountancy » Accounting For Partnership Firms: Fundamentals


nisha sheikh

Benefits of LLP:

  • It is more flexible as compared to a company to organise internal structure.
  • There is no maximum limit for the number of partners in LLP. In a private limited company, number of shareholders is limited to 200 shareholders excluding past and present employee shareholders.
  • Raising and utilisation of funds depends on the partner' will as against norms precribed in the Companies Act, 2013 as applicable to companies.

-Answered by nisha sheikh On 07 October 2020:11:23:49 AM(20871Average Rating Based on rating)


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