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In India, formation of Limited Liability Partnership is governed by the LLP Act, 2008. Limited Liability Partnership is a separate legal entity and provides the dual benefit of limited liability of a company and flexibility of a partnership. Since, LLP has a separate legal existence in case of any liability, the partners are not personally liable and the liability would fall upon the LLP. Also, a partner cannot be held liable for actions or any wrongdoing of other partner.
Separate Legal Entity | Limited Liability of Partners | Easy Funding | Tax Benefits
all inclusive
Includes free trademark search and artistic Logo designing under one class for proprietorship firm and MSME
all inclusive
Includes free trademark search and artistic Logo designing under one class for proprietorship firm and MSME
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