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limited liability partnership act 2008 Limited Liability Partnerships (LLPs) are much better business vehicles than regular partnerships. Personal liabilities affect partnerships, and LLPs remove excessive regulations from the Indian Partnership Act, 1932. Moreover, there are tax benefits, no audit requirements below a certain capital, no cap on the number of partners, and no capital contribution requirements. https://vakilsearch.com/convert-your-partnership-into-an-llp

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