limited liability partnership

limited liability partnership

LLP stands for Limited Liability Partnership. It offers the benefits of a partnership with that of a limited liability company. It’s like overnight fame for LLPs. This concept instantly became popular in India after January 2009. Startups and professional services providers specifically liked it for its limited liability & easy maintenance of the business.

Tailormade is one-point digital support for company registration and its documentation. We are a group of respected and trusted professionals, including CA, CS, and respectable lawyers. Our understanding of legal matters and compliance is unprecedented. We are advanced and offer online support, ensuring complete guidance on how to register LLP in India and across the world.

Discover Advantages that this Company Offers

Limited Liability

Partners are only liable to incur a small amount of debt. On the flip side, the partnership does not protect the personal assets of directors & partners if the business goes bankrupt.

Separate Legal Entity

The LLP continues even if the partners might leave. The business stays up and running. For dissolving, all partners should be mutually agreed.

Flexible Agreement

The ownership of LLP is easily transferrable. One can easily be designated as a partner and also, attain its ownership.

Suitable For Small Business

The LLPs having capital less than INR 25 lakhs and turnover below INR 40 lakhs per year need not conduct any formal audits.