Limited Liability Partnership (LLP) Registration
LLP is one of the easiest form of business to incorporate and manage in India. With an easy incorporation process and simple compliance formalities, LLP is preferred by Professionals, Micro and Small businesses that are family owned or closely-held. Since, LLPs are not capable of issuing equity shares, LLP should be used for any business that has plans for raising equity funds during its lifecycle.
Limited Liability Partnership (LLP) Registration ?
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Limited Liability Partnership (LLP) was introduced in the Limited Liability Partnership Act of 2008. The advantage of opting for a Limited Liability Partnership over the traditional Partnership Firm is that an LLP gives each partner limited liability. Under LLP registration one partner is not responsible for the conduct of another partner.