All You Want to Know About India Limited Liability Partnership Registration

sasikala kanakkupillai

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Setting up a business in India means deciding on the appropriate structure that works best for you, legally and financially. Amongst many, the Limited Liability Partnership (LLP) is for small business owners, startups, professionals, and service companies. It offers a combination of operational convenience, limited liability, and simplicity in formation.

Limited Liability Partnership Registration is a simple process governed under the LLP Act, 2008, and administered by the Ministry of Corporate Affairs (MCA).

What Is a Limited Liability Partnership (LLP)?
An LLP is a two-worlds-one-best kind of business that combines the flexibility of the old partnership and the protection of the law under company form. In an LLP, each partner is only liable for their share of the business. He is not responsible for the wrongdoing or negligence of other partners, which makes it a secure and risk-restricted framework for business people.

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All You Want to Know About India Limited Liability Partnership Registration