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.
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