Understanding the LLP model

Abstract

There are multiple forms of doing business ranging from Individual Proprietorship to Business Enterprise. Generally, the endeavors smaller in size and requiring more personal involvement are carried out in individual capacity, while for those requiring effort of multiple personnel, partnership or enterprise form is more suited. So the choice of the form for the business endeavor depends upon multiple factors like nature and duration of business, scale of operation, level of control required, and capital structure, apart from the legal and regulatory requirements.