LLP Registration in India has developed into an alternative business structure that combines the benefits of a corporation and the flexibility of a partnership firm into a single entity.
The Limited Liability Partnership Act of 2008 established the concept of LLP in India. This one of a kind hybrid is ideal for establishing small and medium sized businesses.
In India, it is very simple to manage and incorporate a Limited Liability Partnership. There is no upper limit on the number of partners required to register an LLP.
The LLP agreement specifies the Partners’ rights and responsibilities. In an LLP, one partner is not liable for the other partner’s misconduct or negligence.
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