Partnership Firm Deed

 in llp More compliance requirements compared to a general partnership.

  Tax benefits as LLPs are not subject to  Dividend Distribution Tax (DDT)  like companies.

 llp  Lesser compliance requirements compared to a private limited company.

 llp  Suitable for businesses seeking external investors or scaling up.

  Mandatory Registration:  Unlike a general partnership, an LLP must be registered with the  Ministry of Corporate Affairs (MCA)  and follow compliance regulations.

  Perpetual Succession:  An LLP does not dissolve if a partner exits or passes away. It continues to exist as a separate entity.