Limited Liability Partnership Registration
A limited liability partnership is a body corporate formed and incorporated under the limited liability partnership Act 2008. It is also governed by the LLP Rules, 2009. LLP is a business structure that combines the advantages of Company and the flexibility of a Partnership. What is Limited Liability Partnership? A Limited Liability Partnership is a body Corporate It has a legal entity separate from its partners i.e It is capable of suing and being sued in its own name Can acquire, own, hold and develop or dispose off property Is capable of doing such other things and acts as bodies corporate may lawfully do and suffer. Has a perpetual succession Any change in the partners of a LLP shall not affect the existence, rights or liabilities of the Limited Liability Partnership. Minimum Requirements for Limited Liability Partnership. Minimum 2 Partners Any individual or body corporate may be a partner. At least 1 designated partner should be an Indian Resident....