Limited Liability Partnership (LLP) Registration

Limited Liability Partnership (LLP) is a balanced structure, which leverages traditional partnerships and still limits the individual liabilities of partners. It is regulated under the Limited Liability Partnership Act, 2008 as a contractual agreement between the partners. It has quickly become a popular choice for services and professional firms such as chartered accountants, hiring firms, consulting businesses, and more. content.

Recognized as a separate legal entity than partners, it can incorporate contracts or any legal proceedings in its own name. This enables LLP partners to separate commercial liabilities or debts being recovered from their personal assets. The compliance requirement here exceeds that of regular partnership firms.