The benefits of forming a Limited Liability Partnership are as follows

1. Easy and economical to register and convenient to operate
2. No need of audit upto a certain limit, hence the annual statutory compliance cost are very low, compare to Private Limited Companies
3. We can add unlimited Number of Members/ partners to a Limited Liability Partnership
4. Only one document governs the business, ie LLP Agreement
5. No additional filing of forms like DPT 3, MGT 14, BEN Forms, MSME etc
6. Registered under LLP Act with the Registrar of LLP’s, under central government
7. No limit for remuneration and sharing of Profits
8. Limited Liability Partnership is a mix of company and Partnership
9. Unlike Partnership, the Liability of the partners of Limited Liability Partnership is limited to the extend of contribution, which is agreed to contribute
10. No requirement of Minimum Contribution.

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