Partnership Deed & Limited Liability Partnership

LLP refers to Limited Liability Partnership and is governed by Limited Liability Partnership Act 2008. It provides advantage of limited liability to its owners and at the same time requires minimal maintenance. The directors of a private limited company have limited liability to creditors. In case of default, bank/ creditors can only sell company's assets and non personal assets of directors. And similarly a partnership is easy to form since no complex business formalities are required to be fulfilled. Partnership registration is not compulsory and in at the discretion of the partners whether they want to register the partnership or not. But a partnership cannot avail legal benefits if it is not registered, hence it is always advisable to register it. get your LLP or Partnership Deed registered with us.