Limited Liability Partnership (LLP) registration in India combines corporate structure with partnership flexibility. LLPs offer the benefit of limited liability, which protects participants’ personal assets against corporate debts. This structure, governed by the LLP Act of 2008, is easy to comply with and has low operational costs, making it perfect for small and medium-sized firms. An LLP can be formed by two or more people and combines the benefits of a traditional partnership with those of a corporation, assuring business continuity and operational convenience.
