Looking for LLP Registration in Ahmedabad?
A limited Liability Partnership allows a company to have a hybrid structure combining a private limited company and a partnership firm. The business will work on the corporate framework but it will be guided by the terms which are adopted in the partnership deed.
An LLP will be declared as a separate legal business entity that can provide the benefits of limited liability also it allows the board members of the company the flexibility to organize their own internal structure just like a traditional partnership. LLPs are majorly proposed for businesses that carry on a trade or service-based profession, and these firms are particularly planned to attract huge professional partnerships.
The best part of an LLP is, one partner can not be held not liable for another partner’s negligence or misconduct.