Easy in Formation
Limited Liability Partnership are comparatively easy to form and manage in India having simple registration process and less formalities. with Ministry of Corporate affairs,
Limited Liability Partnerships (LLPs) are governed by the Limited Liability Partnership Act, 2008. LLPs are just like other Partnership Firms with the exception that the liability in case LLP is limited to the extent of the capital contributed in the LLP.
A Limited Liability Partnership is registered under the provisions of the LLP Act, 2008 with the Ministry of corporate Affairs through the procedure prescribed under the Act and Rules and Regulations made there under.