On 10.01.10, In Law, by nehabhatia
Limited Liability Partnerships can be described as a hybrid between a company and a partnership. LLPs are governed by Limited Liability Partnership Act, 2008.
LLPs also provide a platform to professional firms of Company Secretaries, Chartered Accountants, Advocates etc. to conduct their business/professional activities under the organisation structure recognised as separate legal entity, limiting their personal liability and increasing their global competitiveness.