A Limited Liability Partnership (LLP) is a type of business that gives the partners the best of both worlds. It integrates the benefits of both a partnership as well as a limited company in terms of the structure. LLP as a business type was brought forth in India in April, 2009 with the Limited Liability Partnership Act, 2008. In a Limited Liability Partnership (LLP), none of the partners are responsible or liable for the other partner’s act of misconduct, fraud or losses. Instead, all the registered partners are given a limited liability, which is constrained only to their own actions of either commission or omission, which is similar to the shareholders’ limited liabilities in a private limited company.

However, Limited Liability Partnership (LLP) partners have an equal right to handle the particulars of the business individually or directly. A Limited Liability Partnership (LLP) also puts a crimp on the personal liability that a partner could have incurred for the error, omission, incompetence, misconduct, or negligence of the Limited Liability Partnership’s (LLP) workers or agents. The handling of daily business is mentioned in the Limited Liability Partnership (LLP) Agreement, which provides the partners freedom to regulate the affairs of their business.

The Limited Liability Partnership (LLP) registration is carried out by the Ministry of Corporate Affairs (MCA) through the Office of the Registrar of Companies. The process of incorporation of an LLP is completely digitized, just like the process of company registration. This means that the applications and documents are all filed online and the Registrar issues a digitally-signed Certificate of Incorporation (COI) after due scrutiny and verification. With us, the process will be simple and streamlined with minimum input or efforts required from you because we do all the work including due compliance.