In India, the LLP Company Registration concept was first introduced in the year 2008 and is governed by the Limited Liability Partnership Act of 2008. Recently, the Limited Liability Partnership Firm registration online have become a popular choice among entrepreneurs because it provides advantages of both a partnership firm and a company into a single entity.
The primary requirement for LLP company registration online is a minimum of 2 partners (one of the partner must reside in India). However, there is no upper limit on the maximum number of partners that can be added in a LLP firm registration. The LLP agreement governs the rights and responsibilities of designated partners. They are directly responsible for ensuring that all provisions of the LLP Act, 2008 and the LLP agreement are followed. A Limited Liability Partnership firm (LLP) is a corporate business vehicle that provides its members with the benefits of a company’s limited liability while also allowing them to manage their internal operations & management i.e., similar to a partnership firm.
