Limited Liability Partnership (LLP)
Limited Liability Partnership (LLP) is the most preferable firm among entrepreneurs since it has the benefits of both the company and a partnership firm.
The most important benefits of this type are limited liability to the partners at low compliance cost. The LLP is a legal entity and it allows the partners to organize their internal structure like a traditional partnership firm. At least two persons are required to form a limited liability partnership. It is a separate legal entity and the mutual rights and duties of the partners of an LLP are based on the LLP agreement.
In the two partners, one partner is not liable on the unauthorised or illegal action of other partner. At least one partner must be the resident of India. If anyone wants to convert their pvt ltd company or any unlisted public company to LLP is very easy. The winding up of limited liability partnership is either voluntary or by high court.|
When one knows their liability, then there will be no place for disagreement. Biztone business solution is there for you to give you a better understanding on business ideas and exclusively we offer services of LLP registration in Coimbatore, trichy, tirupur, karur and Madurai with a reasonable price.