An LLP must file as a partnership for tax purposes, while an LLC can choose to be taxed as a partnership, sole proprietorship or corporation. This allows an individual to form an LLC, while an LLP ...
LLP: An LLP is taxed as a partnership organization. The income of an LLP is taxed for 30% on profits, plus applicable surcharge and cess. There are no dividend distribution taxes (DDT) in LLPs, which ...
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