Business Description

Limited Liability Partnerships (LLPs) are a new form of Partnership Structure introduced in India under the LLP Act 2008. The purpose behind its introduction is to overcome all traditional partnership flaws and provide a better alternative to startups. The flaws an LLP overcomes include unlimited liability, no separate management structure, and limited existence of the firm. These flaws bring immense challenges in operating a firm, and for the sake of a better alternative, an LLP was introduced.

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