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 are 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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