LIMITED LIABILITY PARTNERSHIP (LLP) REGISTRATION


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Limited Liability Partnership (LLP) was introduced in India by way of the Limited Liability Partnership Act, 2008 as a way to provide a type of business entity that is simple to maintain while providing limited liability to the owners. LLP is one of the easiest forms 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.



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