LLP Registration
Limited Liability Partnership (LLP) is a contemporary and advantageous business structure. Blending the strengths of partnership dynamics and the security of limited liability,
Colour: White
- Legal Identity: Like big companies, an LLP has a separate legal identity. This means it's seen as its own "person" regarding rights and responsibilities, separate from those who own it.
- At Least Two Partners: An LLP needs at least two people to start it. This teamwork helps in setting up the business and working together.
- No Partner Limit: Unlike some other businesses, there's no highest number of partners an LLP can have. This makes it easy to grow and bring in more partners.
- Two Designated Partners: An LLP has to have at least two "main" partners. These people must be real individuals, and at least one should live in India.
- Limited Responsibility: One big plus of an LLP is that if something goes wrong, each partner is only responsible for what they put in. So, personal things are safe from business problems.
