Limited Liability Partnership (LLP)
What is a Limited Liability Partnership (LLP) ?
LLP Registration in India has become an alternate sort of business that gives the benefits of a corporation and therefore the flexibility of a Partnership firm into one organization. The Concept of LLP in India was introduced back in 2008 by the indebtedness Partnership Act of 2008. This unique hybrid is suitable for setting small, medium-sized businesses. It is very easy to manage and incorporate an indebtedness Partnership in India. To register an LLP minimum of two partners are required, there's no upper limit intrinsically. The LLP agreement states the rights and therefore the duties of the Partners. In an LLP one partner isn't liable for the misconduct and negligence of the opposite partner. The partners are liable for the compliances and every one the provisions that are laid out in the LLP agreement.