Limited Liability Partnership (LLP) Registration
The form of Limited Liability Partnership (LLP) was introduced in India by way of the Limited Liability Partnership Act, 2008. The maid idea behind the entity in the form of Limited Liability Partnership (LLP) is to provide a form of business entity that is simple to operate and maintain and also provide limited liability to the partners.
The main advantage of a Limited Liability Partnership over a traditional partnership firm is that the liability of partners in case of LLP to is limited to the assets held in the name of LLP and also one partner in not liable to the negligence or illegality caused by other partner. Therefore the liability of the partners in the form LLP in limited as that of the shareholders in the case of a private limited company.
MAANOF is the market leader in LLP registration services in India. The average time taken to complete a LLP registration is about 15 – 20 working days, subject to government processing time and client document submission. Get a free consultation on LLP registration and business setup in India by scheduling an appointment with an MAANOF Advisor.