LLP,a new legal entity for business & profession

LLP is an incorporated partnership formed and registered under the Limited Liability Partnership Act, 2008 with limited liability and perpetual succession.  The Act came into force, for most pat, on 31^st March 2009 followed be its Rules on 1^st April 2009 and the registration of the first LLP on 2^nd April 2009.

Main benefits of LLP

This new entity combines the benefits of managerial and financial flexibility of the partnership firm registered under the Indian Partnership Act of 1932 with the limited liability and perpetual succession of a company incorporated under the Companies Act LLP Registration in Salem is a new corporate form of doing any lawful business for profit.  ‘Business’ includes trade, commerce, manufacture, service, profession etc.  This new entity should prove highly beneficial especially for small entrepreneurs in business and industry including knowledge or technology-based units, venture capitalists, professional service providers like Company Secretaries, Chartered Accountants, Cost Accountants, Advocates, Consultants and the like.  Apart from perpetual succession, any change in the partners of a LLP Registration in Salem shall not affect the existence, rights or liabilities of the LLP http://www.privatelimitedcompanyregistration.com .