Investment on the rise as India adjusts LLP rules

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.