Limited Liability Company

Limited Liability Company

The concept of Limited liability partnership was launched in India via Limited Liability Partnership Act, 2008. The most important benefit to incorporate LLP is that one partner is not liable for the act of another partner.

Limited Liability partnerships offers the benefit of limited liability to its owners and with this at the same time it requires less or minimal maintenance.

Why should we choose LLP?

  • It limits the liabilities of its partners.
  • No partner will be responsible for any conduct by other partner.
  • It provides the dual advantages of partnership firm and company.
  • It is cheaper than to incorporate a private limited company.

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