Benefits of Forming an LLP

1. LLP Registration In India, Limited Liability Partnerships became popular after the enactment of the Limited Liability Partnership Act in the year 2008. Many start-ups and small businesses chose this form of partnership over the traditional form of partnership and company as it offers the advantages of both the partnership and company. Though LLPs have fewer compliances than a company, one must know that it attracts heavy penalties in case of non-compliance. LLP registration is mandatory as per the governing laws, and for this, we at MAG make sure that our clients stay relieved of the burden of compliances and never bears the strain of late fees. For LLP registration in India, MAG is the most reliable and cost-effective service provider. We can help you register your LLP if you seek the best LLP formation services in Delhi. The leading edge of an LLP is one partner is not responsible for the other partner's wrongdoing or negligence. Professionals, Micro and Small enterprises prefer to form LLP for their business. LLP offers the benefit of limited liability towards owners and, at the same time, needs minimum maintenance. An LLP also provides limited liability safeguards for the partners from the liabilities of the LLP. Benefits of Forming an LLP

2. There are many benefits to run a business by constituting as an LLP which is outlined below: •Dual advantages- Partnership with features of a company •No partner can be responsible for another partner's misconduct •Less expensive to incorporate than a private limited company •Limits the liabilities of its partners •Can raise funds from partners, banks and NBFCs •Flexible agreement Process of LLP Formation Let us have a look at the process of registration with the help of the diagram below: Get your LLP registration online in India with complete assurance. All your concerns related to LLP company registration in Delhi, LLP registration cost in Delhi, LLP registration process in Delhi will be dealt with our domain experts.