Like Companies Act, Limited Liability Partenrship is also governed by a statutory legislature ” Limited Liability Partnership Act, 2008
“A limited liability partnership (LLP) is a formal partnership between at least two business partners. Each business partner is provided with limited liability, which means they aren’t fully responsible for the business’ debts or liabilities. Partners in an LLP aren’t liable for the negligent acts or malpractice of a single partner, each partner is accountable for their own negligence.
Hence we can say that, LLP means a body corporate and a legal entity separate from its partners. It has perpetual succession. While the LLP will be a separate legal entity, liable to the full extent of its assets, the liability of partners would be limited to their agreed contribution.”
Services provided:
- LLP Registration.
- Annual filling with ROC
- Consultancy for Various formalities like: registered office change, Add Partner, Remove Partner, Increase or decrease Contribution, drafting of LLP Agreement and changes therein and other related compliances.
- Litigation and handling of ROC Notices
- Day to day Consultancy