List the important features of LLP formation in India as per the LLP Act, 2008?

List the important features of LLP formation in India as per the LLP Act, 2008?

Here are important features of LLP formation in India:

  • LLP offers you separate legal entity status and hence it helps you to protect from any legal claims and cases.
  • LLP helps you in loan funding even if you have bad cibil score.
  • LLP name always remain secure and no one shall be able to copy.
  • LLP is subject to audit and annual filing.
  • LLP needs to file form 8 and Form 11 within due dates.

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