What is Limited Liability Partnership?
Limited Liability Partnership (LLP) was first introduced in the Limited Liability Partnership Act of 2008. The reason it was introduced was to provide a form of businesses that was easy to maintain and it helped owners by providing them with limited liability.
The advantage of opting for a Limited Liability Partnership over the traditional Partnership Firm is that an LLP gives each partner limited liability. This means that one partner is not responsible for the conduct and negligence of another partner. This is similar to what shareholders enjoy. Another feature is that in an LLP, all partners have the right to manage the business directly.
Registering an LLP is one of the most easiest process in India. The compliance and procedures are simple and take a short time to complete. This is the prime reason that many are opting for this kind of business, especially small and micro business. It helps customers complete the process in 20 days and assures them of quality service. For more details, book a service with us today and our professional will help you take the procedure of an LLP forward.