What are some key/ basic benefits of the conversion of Private Limited Company into anLLP?

magusJune 19, 2020

Less Compliances as compared to a Company
There is no limitation in maximum number of memberships in LLP as compared to a Company
The Audit to certain extent is not mandatory in case of LLP whereas in case of a company Audit is mandatory in all cases.
Profits are Distributable to partners without any incidence of additional tax, unlike withholding tax on dividends distributed by companies

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