LLP Registration in Dr Mukherji Nagar, Delhi

Limited Liability Partnership(LLP) is defined as partnership firm and registered under Limited Liability Partnership Act in the office of Registrar of Companies (ROC), India. It is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partners. The LLP can continue its existence irrespective of changes in partners. It is capable of entering into contracts and holding property in its own name. The LLP is a separate legal entity, is liable to the full extent of its assets but liability of the partners is limited to their agreed contribution in the LLP. Further, no partner is liable on account of the independent or un-authorized actions of other partners, thus individual partners are shielded from joint liability created by another partner’s wrongful business decisions or misconduct.

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