LLP stands for Limited Liability Partnership is a legal entity of business law and a new corporate structure that combines the flexibility of a partnership and the benefits the limited liability of a company at a low compliance cost. In other words, it is an alternative corporate business functionality that provides the benefits of limited liability of a company, but allows the associated members the flexibility of organising their internal management on the basis of a mutually arrived agreement, as is the case in a partnership firm.
LLP formation is useful for small and medium enterprises specially for service industries. For LLP registration services and more information about its benefits and procedure contact us.
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