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LLP (Limited Liability Partnership) – Incorporation!

LLP (Limited Liability Partnership)

There are various forms of carrying on business. Company  and partnership forms of business are the most familiar one. Now a days a new  concept is emerging called LLP or Limited Liability Partnership. It is gaining popularity. In this form of business the benefits of both the corporate form of business and partnership are amalgamated.  As the name suggests it is a form of partnership with limited liability.

For the regulation of LLP in India an act was enacted in the year 2008. This Act contains all the provisions related with the Limited Liability Partnership businesses. Here is a quiz on the incorporation of Limited Liability Partnerships in India.

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