Limited Liability Partnership(LLP)
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 is often more flexible than a corporation. LLP is better than Sol Proprietorship,and it is simplest business firms to doing business in India.