LLP- Registration

LLP Registration in India has become an alternative form of business that provides the advantages of a Company and the flexibility of a Partnership firm into a single organisation. The Concept of LLP in India was introduced back in 2008 by the Limited Liability Partnership Act of 2008. This unique hybrid is suitable for setting up small, medium-sized businesses.It is very easy to manage and incorporate a Limited Liability Partnership in India. To register an LLP minimum of two partners are required, there is no upper limit as such. The LLP agreement states the rights and the duties of the Partner. One of the key advantages of an LLP is that partners are not personally liable for the debt and obligation of the partnership. This means that their personal assets are protected in case the business runs into financial trouble.