Partnership vs LLP in India: Key Differences, Taxation & Compliance Explained
Reading Time: 3 minutesQuick Summary: Choosing between a Partnership and an LLP depends on your business goals. Partnerships are simpler & cheaper, while LLPs offer credibility, liability protection, and scalability. Q1: What are the fundamental differences between a Partnership and an LLP in India? A1: The key distinction lies in legal identity and liability. Traditional Partnership (Under Indian […]
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