LLP Services:

The LLP is new concept in india and is the requirement of the today's business needs especially in the service sector and small business because of its advantages over the partnership and the private limited company. In the corporate of LLP the liability of the partners is limited and restricted to the amount committed in the agreement.
Existing business's in the proprietary, partnership, private limited company can be converted into LL's but however for conversion of private limited company (having turnover of over 60/- L) to LLP there are certain restrictions under the income tax act 1961.
The LLP can be formed between
  • two or more individuals or HUF's
  • two or more partnership firms
  • two corporate bodies i.e. private limited or limited companies,
  • a combinations of different forms of entities
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