Limited Liability Partnership
A limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities. It therefore can exhibit elements of partnerships and corporations. In an LLP, each partner is not responsible or liable for another partner’s misconduct or negligence.
STEPS for Incorporation of LLP
- Apply for Name Approval
- Preparation of Documents for Incorporation of LLP
- Fill the Information in Form: [FiLLiP]
- Submission of FiLLiP on MCA
- Certificate of Incorporation
- Preparation of LLP Agreement