As a drawback, the ownership transfer of a limited liability partnership is not as easy as that of the company. Neither LLP can issue an ESOP. For this reason, LLP is not the most ideal option for startups who want to hyper-grow, seed investors or venture capital funding, or issue share capital to their employees.
LLP IS A TYPE OF PARTNERSHIP WHICH IS REGISTERED BY DEPARTMENT, WE ONLY NEED PAN CARD AND AADHAR CARD. NORMAL PARTNERSHIP IS NOT REGISTERED WITH ANY DEPARTMENT.