Limited Liability Partnership Law
A Limited Liability Partnership or LLP is a new type of legal entity, which has been introduced in India in the year 2008; this entity has features of both a company and a partnership firm. It is an alternative corporate business vehicle that would give the benefits of limited liability but would allow its members the flexibility of organizing their internal structure as a partnership based on an agreement amongst its partners.
LLP Act, 2008 permits partnerships and companies to convert into LLPs.
Our services in Limited Liability Partnerships (LLP) are customized in accordance to client’s specific requirements. LLP being a new legislation in India, we assist the client’s from the very initial processes of LLP incorporation including drafting and vetting of LLP Agreements, compliance related to conversion of company or partnership firm into limited liability partnership firms, audits and taxation of LLPs and other routine compliances.