Limited Liability Partnership
A. S. Babbar & Co will provide the highest quality research within a short timeframe and at a fraction of the traditional costs. Most importantly, our Intellectual Property support services are tailored to meet the individual requirements of each client. Depending on your specific needs, A. S. Babbar & Co will conduct multi-level searches and list the most relevant results.
A partnership which gives limited liabilities to some or all partners depending on the jurisdiction is called Limited Liability partnership (LLP). If one or more of the partner misconducts then the others are not responsible for his/her acts. LLP is also called a hybrid between the company and the partnership.
The following are the benefits of the LLP:
- No requirement of minimum contribution
- No limit on owners of the business
- Lower registration cost
- No requirement of compulsory Audit
- Dividend Distribution Tax (DDT) not applicable
- Flexible Roles for Partners