A limited liability partnership (LLP) is a partnership in which some or all partners have limited liabilities. It therefore exhibits elements of partnerships and corporations. In an LLP, one partner is not responsible or liable for another partner’s misconduct or negligence. At solubilis corporate services offers LLP registration in Chennai, Bangalore, Kochi and Coimbatore.
Limited Liability Partnership entities, the worldwide recognized form of business organization has been introduced in India by way of the Limited Liability Partnership Act, 2008.
LLP combines the advantages of both the Company and Partnership into a single form of organization
- Renowned and accepted form of business worldwide in comparison to the Company.
- Low cost of Formation.
- Easy to establish.
- Easy to manage & run.
- No requirement of any minimum capital contribution.
- No restrictions as to the maximum number of partners.
- LLP & its partners are distinct from each other.