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Limited Liability Partnership (LLP) is a type of business entity sharing features of a partnership firm and a company. LLPu2019s are regulated by the Registrar of Companies, Ministry of Corporate Affairs. Limited Liability Partnership ROC Compliance is a legal entity, separate from its partners and it has perpetual succession.
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Limited Liability Partnership ROC Compliance Limited Liability Partnership (LLP) is a type of business entity sharing features of a partnership firm and a company. LLP’s are regulated by the Registrar of Companies, Ministry of Corporate Affairs. Limited Liability Partnership ROC Compliance is a legal entity, separate from its partners and it has perpetual succession. Some of the major benefits and powers enjoyed by LLPs are the following: 1. Separate legal entity. 2. Buying, Selling and Holding of movable, immovable, tangible or intangile assets. 3. Powers to sue and be sued. 4. Powers to open bank account. 5. Powers to employ persons. 6. Powers to enter into all types of legal contracts.
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