LLP vs Partnership Firm: Key Differences Explained 📊

What are the Difference Between LLP and Partnership Firm? In this Video we have discussed LLP vs Partnership Firm comparison in detaile. Prior to the introduction of LLP, a Partnership Firm was the only structure available to register Partnership businesses in India. However, a firm had several shortcomings that were increasingly becoming more difficult and challenging to handle!<br /><br />In fact, the main purpose behind introducing the concept of LLP was to overcome or eliminate the flaws of the Firm with a better partnership structure. In this video, we have compared all the features of an LLP with that of a firm so that you can yourself understand, which one fares better! For complete information watch the video till the end!<br /><br />Seeking assistance in registering your LLP? Click here to request a callback from us!<br /><br />https://www.setindiabiz.com/llp-registration-in-india