In India, businesses traditionally operate as incorporated companies, sole proprietorships and general partnerships. Each of these business structures has its own advantages and shortcomings and is subject to different regulatory and tax regimes. But as Pinakin Desai and Praful Poladia of Ernst & Young point out, with the government recently allowing foreign investment in limited liability partnerships (LLP), the LLP is now a attractive tool for doing business in India.
Unlock this content.
The content you are trying to view is exclusive to our subscribers.
The OECD had previously missed a June 30 deadline to agree an MLC on amount A; in other news, UK corporation tax bills surged to a record high last year