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LLP and its Advantages! LLP and its Advantages! LLP and its Advantages! LLP and its Advantages!
An LLP is a type of business entity where all the partners have limited liabilities. The Limited Liability Partnership is the most sought after option for the professionals for running their business and it is a good choice for those who are involved in the consultancy business. Advantages of LLP: â—Ź It is a separate legal entity and the partners are liable to their respective contribution. â—Ź LLP has flexible management roles. â—Ź Formation of an LLP is easy and only requires the...

What is accounting and why is it needed for a company?
If you’re venturing into starting a new business, you’re most likely to hear the terms accounting. Accounting can be a difficult task and a stressful task, especially for start-ups. What is accounting? The process of keeping a record of your business’s financial transactions is termed as accounting. The process of accounting includes a series of steps like summarizing, analysing and reporting the financial statements to tax collecting agencies. Accounting is one of the most...

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