COMPANY REGISTRATION ( PVT. LTD/LLP/OPC)
An LLP is a hybrid form that combines elements of a partnership and a company. It provides limited liability protection to partners while allowing them to actively manage the business. Key features include:
- Partners have limited liability, and one partner's actions do not necessarily affect others' liability.
- Minimum of two partners (no upper limit) required.
- Ease of management and flexibility in decision-making.
- No requirement for a minimum capital contribution.
- Mandatory compliance with LLP law and regulations.
