LLP is a body corporate that includes features of both a partnership firm governed by the Indian Partnership Act, 1932, and Private Limited or Limited Company governed by the provision of Companies Act,2013. Since LLP contains elements of both "corporate structure" as well as "partnership firm structure", LLP is called a hybrid between a company and a partnership.
In this article, I have given the overview of International Business, its drivers, its benefits and difference between Domestic & International Business and I hope that this article will help you to understand the basics of International Taxation.
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