This is an alternative corporate business form that has the benefits of limited liability similar to that available to owners of a company and the flexibility of a partnership. A Limited Liability Partnership can be formed for any lawful for-profit business. Every Limited Liability Partnership shall use the words "Limited Liability Partnership" or its acronym "LLP" as the last words of its name.
Limited Liability Partnership is a separate legal entity altogether separate from the partners, and a partner is liable only to the extent of his agreed contribution and is not liable for any acts of other partners. The governance structure of a Limited Liability Partnership is flexible somewhat similar to any other partnership firm since they are governed by contractual agreement between parties. There is no upper limit on the number of partners an LLP can have, however, the designated partners are responsible for legal compliances.
Minimum requirements for formation of LLP are:
1) At least two partners (designated partners), either a natural person or any other legal entity, at least one should be resident in India.
2) A registered office in India.
Once documents are provided, you can leave the rest of the formalities on us and expect the registration to be completed within 7 to 10 working days.