Limited Liability Partnership

As a name suggest,Limited Liability Partnership(LLP) is a legal form of business Company offering limited liability to its partners.It was introduced in INDIA by Limited liability Partnership Act,2008.
A Limited Liability Partnership (LLP) is a hybrid business entity of both a Corporation and a Sole Proprietorship.The biggest advantages of LLP is often more flexible than a corporation. LLP is better than Sol Proprietorship,and it is simplest business firms to doing business in India.
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A Limited Liability Partnership (LLP) is a hybrid business entity of both a Corporation and a Sole Proprietorship.
Any individual/entities can become the member in LLP,even foreigner/NRI’s are also applicable to become members. .
The minimum partners are required in LLP is 2 to 200.
YES, only after government approval in those sector where 100% FDI is permitted.
There is no minimum requirement but advisable to have some contribution toward capital.
Debts/share is limited over the LLP members.The personal assets of directors are safe if company goes bankrupts.
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