Limited Liability Partnership | Company Formation | Business Basics #startup Limited liability Partnership(LLP) is a hybrid corporation that provides the benefit of a company and the flexibility of a partnership. • This type of organisation has liability shield and tax pass flexibility. • Nowadays, LLP model is getting more popularity among Startup companies as it is cheaper to run and maintain(lesser Compliance), it offers limited liability, many tax benefits, credibility and above all, it is registered with the Ministry of Corporate Affairs (MCA) as a company #llp #company #companyformation #businesslesson #business #businessbasics #startup #startuplessons #limitedliabilitycompany #companyregistration #LLPbenefits #indianstartupecosystem #indianstartup #finance #law #privatelimitedcompany #startuplessons #mba #bba #management