After the regulatory uncertainties and centralised procedures that Limited Liability Partnership formation suffered from, the migration to MCA 21 and the decentralisation of administration to the respective Registrar of Companies has been a welcome step and has restore much of the value that LLP offers as a corporate vehicle for start-ups and Small and Medium Enterprises.
No minimum capitalisation, lower costs of formation and lower annual compliance costs make LLPs a compelling offer for start-ups and small and medium business enterprises.
