Limited Liability Partnership (LLP) is a single form of organization that consolidates the characteristics of both partnership firm and company.
In 2008, Limited Liability Partnership (LLP) Act was passed in India to regulate LLP.
Benefits of Limited Liability Partnership (LLP)-
LLP has numerous benefits of Partnership and Company:
Eligibility of Limited Liability Partnership (LLP) Registration-
Document required for Partners-
They should have the followed documents to become a partner-
Document Required for Limited Liability Partnership (LLP)-
LLP takes 10 days in the process of registration for approval by the department.
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