Limited Liability Partnership Compliance

Listing ID #5426723

Nowadays, Partnership Firms have become one of the most common structure for business, in which two or more persons collaborate to do a business together.
On the basis of nature, Partnerships are divided into two types;
a) General Partnership Firm, which has unlimited liability of Partners
b) Limited Liability Partnership
Owing to our in-depth industry experience and knowledge of this domain, we are reckoned in providing Limited Liability Partnership registration. It is a type of business form which provides benefit of limited personal liability to each of the partners. This is recognized under Limited Liability Partnership Act, 2008. In Limited Liability Partnership, for the financial obligations of the business all the partners have limited personal liability. Under LLP, all partners are only liable to pay a certain amount, which do not require them to sell their personal assets.
Loans, investments, borrowings have always been the parts and parcels of any kind of operating business, in case of LLP, liability is limited, as it can be concluded from the name of this business structure, here personal assets are completely secure and safe, therefore, there is no liability to the creditors in excess of Capital invested. It is one of the most suitable in nature for startups and common small businesses because of less compliance like no need of Statutory Audit.