Formation of Limited Liability Partnership (LLP)
Limited Liability Partnership (LLP) – All You Need to Know
In this article, we look at some of the advantages and features of a LLP registration, which is a new type of business structure in India, introduced to provide limited liability to the owners while at the same time being simple to start and manage.
Limited Liability
Separate Entity
Capacity to Sue and be Sued
Simplicity
Perpetual Existence
Minimum Number of Partners
Maximum Number of Partners
Formation of Limited Liability Partnership (LLP)
- Individuals
- Limited Liability Partnerships
- Companies
- Foreign Limited Liability Partnerships
- Foreign Companies