Top 4 Benefits of LLP Registration in Mumbai

1. Major Reasons why Your Start-up Must be an LLP It has been observed that an increasing number of start-ups are choosing to go for LLP registra- tion in India and that’s because of the immense benefits it offers. If you are planning to kick- start a start-up and wondering whether or not you should go for an LLP registration, this post is for you. Whether you want to go for an LLP registration in Mumbai or LLP registration in Bangalore, you can easily go for it as there are a number of professional firms like Wise Fillings to make the en- tire process a cake-walk for you. In this post, we will take a look at some of the major benefits of LLP registration, but before we do that, let’s understand what is an LLP? Let’s dive right in- What is an LLP? A Limited Liability Partnership or LLP is a blend of a firm and a partnership with benefits of both. It not only provides you with the required flexibility of a ‘Partnership’, but also the protec- tion of ‘LimitedLiability’. Here it is extremely important to understand that compliance requirements are on a higher side when it comes to an LLP as compared to a partnership. Let’s take a quick look at some of the major benefits of an LLP. Benefits of LLP registration Flexibility of operations

2. There is a huge flexibility in the LLP structure and it also enables the partners to adopt an inter- nal organizational structure which is pretty much like a traditional company. Also, their liability is limited to the extend of their individual capital contributions. Lesser compliances You do not need to hold a meeting or to have records of the meetings held by designated part- ners. You will certainly need a chartered accountant, but accounts’ checking is not mandatory, if the financial year exceeds the 40 lakh mark or even if the capital contribution exceeds Rs. 25 lakh. Have as many partners as you wish You can obtain a huge number of investors for your company. That’s because you can have any number of partners with your LLP and there is no cap as per the law. Unlike a private limited firm, the partners have the right to manage the business in a direct manner. This provides bet- ter control and that’s why more and more LLPs are drifting towards LLP registration. If you are a start-up and looking for LLP registration in Mumbai, then you must get in touch with a profes- sional firm to help you with the process. No taxation issues The profit is taxed only to the LLP and not its partners and due to this reason there are no dou- ble taxation issues. For more information related to LLP registration in Bangalore or trademark registration online, feel free to get in touch with us. Even if you need any help with trademark registration in Ahmedabad, we are here to help you out. Contact Details: Website: https://www.wisefilings.com/Or Call: +91 9099975990 Follow us: https://www.facebook.com/wisefilings/ https://www.instagram.com/wisefilings/ https://www.linkedin.com/company/wisefilings