Limited Liability: Partners are not personally liable for the debts and liabilities of the LLP beyond their agreed contribution. This provides a significant layer of financial security. • Separate Legal Entity: The LLP is recognized as a distinct legal entity, allowing it to enter into contracts, own property, and conduct business in its own name, enhancing credibility and providing legal protection. • Flexibility: LLPs offer greater operational flexibility compared to traditional companies, allowing partners to manage the business according to their needs and mutual agreements outlined in the LLP Agreement. • Tax Benefits: LLPs are taxed as partnership firms, which can result in tax efficiencies as profits and losses are passed through directly to the partners without being subject to dividend distribution tax. • Lower Compliance: LLPs generally have fewer compliance requirements compared to private limited companies, making them easier and less expensive to establish and maintain. Enhanced Credibility: Being a registered entity can help with securing contracts and gaining clients

A minimum of two partners is required to form an LLP. There is no maximum limit on the number of partners. At least one designated partner must be a resident of India.

Any individual (who is of sound mind, not declared insolvent, and has attained the age of 18 years) or a body corporate can become a partner in an LLP. Non-Resident Indians (NRIs) and foreign entities can also be partners in LLPs in sectors where 100% Foreign Direct Investment (FDI) is allowed.

Every LLP must have at least two Designated Partners who are responsible for compliance with the LLP Act 2008 and are liable for all penalties imposed on the LLP. At least one Designated Partner must be resident in India. They are also responsible for signing documents and filings on behalf of the LLP.

No, there is no minimum capital requirement to register an LLP in Hyderabad. The capital contribution can be in the form of tangible or intangible property or other benefits.