Unveiling the LLP as Startup Advantages and Disadvantages

LLP as Startup advantages and disadvantages is an interesting topic to understand and this blog focus on this topic. A startup has an opportunity, it can either incorporate into a Private Limited Company or Limited Liability Partnership (LLP).
There are also other two options for the incorporation
(1) One Person Company (OPC)
(2) Sole Proprietorship
These two options are mostly excluded, the reason is that they are not that good in attracting the investment of the company and also in Sole Proprietorship, the proprietor enjoys the most personal unlimited liability which is not highly appreciable.
LLP is one of the options for the startups to get incorporated under it, as it will provide various advantages to the startups like flexibility and limited liability in the partnership firm. One of the most important things to be kept in mind is that LLP can enter into a contract by itself and it can hold or purchase the property of its own which is highly beneficial.

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