
LLP Amendment Act, 2021: Key Impact on Startups.
Startups often face the dilemma of choosing an entity. While there are a number of structures such as sole proprietorship, limited liability partnerships, private limited companies etc. available, the pros and cons associated with the same, makes the choice difficult. Limited Liability Partnership or a LLP is one of the most preferred entities by startups. However, an early stage startup often vacillates between sole proprietorship, one person company and a LLP. The governmen