The Limited Liability Partnership (LLP) is a redesigned adaptation of the General Partnership. The LLPs are represented by the Limited Liability Partnership Act 2008. The LLP Act 2008 was distributed in the official Gazette of India on seventh January 2009 and was informed with impact from 31st March 2009. As the name recommends, a LLP is an organization firm in which a few or all accomplices have constrained liabilities. LLP enlistment has turned out to be very simple and its compliances are additionally less when contrasted with the private constrained organization.
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