Brief intro about LLP: A Limited Liability Partnership combines the advantages of both the Company and Partnership into a single form of organization. LLP is a separate legal entity, liable to the full extent of its assets; the liability of the partners would be limited to their agreed contribution in the LLP.

Limited Liability Partnership (LLP) is a legal structure to do business which is hybrid of Partnership Firm and Limited Company.

A Limited Liability Partnership, popularly known as LLP combines the advantages of both the Company and Partnership into a single form of organization.