Understanding Limited Liability Partnership
LLP is a combination of both Company and Partnership. It is especially suitable for small to medium-sized business enterprises.
It is governed by Limited Liability Partnership Act- 2008 which came into force from April 1, 2008. This Act was proposed for promoting the Micro Small Medium Enterprise.
LLP registration has the advantage of self-governance and less compliance as compared to other types of corporate entities.
Read More :- Conversion of Private Limited Company into LLP