Limited Liability Partnership is the special form of corporate legal entity which makes its entity separate and distinct from its partners who comprises it. This type of entity gives the benefits of Limited Liability Company and flexibility of a partnership firm.
LLP is a separate legal entity which can continue its existence irrespective of changes in its partners. LLP is an incorporated partnership formed and registered under the Limited Liability Partnership Act, 2008.
For the registration of Limited Liability Partnership, atleast 2 Partners are required. In case any Body Corporate is a partner, than it will be required to nominate any person (natural) as its nominee for the purpose of the LLP.
Under this roof, there is no concept of any share capital but every partner is required to contribute towards the LLP in some manner.
To any type of small and medium sized business who wants:-