Limited Liability Partnership Registration
What is LLP or Limited Liability Partnership Registartion?
Limited liability relationship is a kind in which most parties have limited liability under the jurisdiction.This shows that limited liability partnership has the components of partnership and corporate businesses.
By limited liability it means that each partner will not be responsible or liable for the wrong doing of the another partner. In limited liability the partners only need to pay the liability from the assets they acquire inside the company. No personal assets are required to be included.
Limited Liability Partnership or LLP Contains salient features of Company and Partnership.