Limited Liability partnership refers to LLP as a form of corporate business owned by several individuals. Registration of LLP companies is governed by the Limited Liability Partnership Act 2008.

It is a corporate business entity that enables a partnership between the business partners wherein their liabilities are proportional to the amount with which they venture into the business respectively. This implies that each of the partners in business is not held responsible for the other’s actions or wrongdoings. All partners together share the profits and losses generated by the business.

While partnership firms registration in bangalore has been in practice for ages, registration of LLP in India is initiated mostly by new players in the corporate sphere.

LLP registration in India usually does not require general partners where all business owners have unlimited liability. Here, all partners are actively involved in the running of the business with restricted liability.