LLP REGISTRATION HYDERABAD
What is an LLP?
LLP stands for Limited Liability Partnership. It is governed by the Limited Liability Partnership Act, 2008 and the Limited Liability Partnership (LLP) Rules, 2009.
The basic intention behind introducing LLPs is to have a corporate structure that is a perfect blend of the advantages of a Partnership and Company form of organization.
The main feature that makes an LLP unique from a partnership is the concept of “Limited Liability”, where one partner is not responsible for the misconduct and negligence on the part of another partner, like a shareholder in a company structure. However, unlike shareholders, the partners of an LLP have the right to involve and manage the business.
LLPs carry more significance than partnership as LLPs, like corporations, have a separate legal entity from that of its partners. That put in simple words means that an LLP is liable to the full extent of its assets but liability of the partners is limited to their agreed contribution in the LLP.
The rights and duties of the partners in an LLP are governed by the LLP agreement between them, the LLP however is liable for its obligations as a separate legal entity.
We are a registration team of Hyderabad Company Registration Services Pvt Ltd. providing professional services with regard to drafting of partnership agreement keeping in mind the maximum tax benefits and serving in entire process of LLP formation.
The basic intention behind introducing LLPs is to have a corporate structure that is a perfect blend of the advantages of a Partnership and Company form of organization.
The main feature that makes an LLP unique from a partnership is the concept of “Limited Liability”, where one partner is not responsible for the misconduct and negligence on the part of another partner, like a shareholder in a company structure. However, unlike shareholders, the partners of an LLP have the right to involve and manage the business.
LLPs carry more significance than partnership as LLPs, like corporations, have a separate legal entity from that of its partners. That put in simple words means that an LLP is liable to the full extent of its assets but liability of the partners is limited to their agreed contribution in the LLP.
The rights and duties of the partners in an LLP are governed by the LLP agreement between them, the LLP however is liable for its obligations as a separate legal entity.
We are a registration team of Hyderabad Company Registration Services Pvt Ltd. providing professional services with regard to drafting of partnership agreement keeping in mind the maximum tax benefits and serving in entire process of LLP formation.