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A Income tax Plan that minimizes how much you pay in taxes is referred to as tax efficient. Tax planning should be an essential part of an individual or business investor’s financial plan.
A Limited Liability Partnership Firm (LLP) is a business structure that combines the features of both a partnership and a corporation. In an LLP, each partner is not personally liable for the debts and liabilities of the LLP. This means that if the LLP goes bankrupt, the partners will not be held personally responsible for the debts.
An LLP is a popular choice for businesses that are looking for the flexibility of a partnership, but with the limited liability of a corporation. LLPs are especially popular with professional firms, such as law firms and accounting firms.
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