Limited Liability Company (LLP) is a form of work that provides common features of the "partnership" and "the company's business structures. This model gave business in India in April 2009 with the enactment of Law Partnership Limited Liability 2008.
LLP and combines the advantages of both the "Company" and "partnership" in a single business entity. In LLP, a partner is not responsible or liable for another partner misconduct or negligence. Instead, all partners limited liability, limited to acts that they do commission or omission, similar to the obligations of the shareholders in a limited company.
However, unlike the company's shareholders and partners LLP right in Business Administration directly. LLP also limits the personal liability of a partner for errors, omissions and incompetence, or negligence LLP employees or other factors. Full in business administration day after day in the LLP agreement, and provide partners with the freedom to organize labor affairs.
Recording LLP managed by the Ministry of Corporate Affairs (MCA) through the Office of the Registrar of Companies. Establishment process is fully electronic, like the company registration process and made any applications and documents electronically and the Registrar shall issue a certificate of incorporation is digitally signed (integrity) body.