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Limited Liability Partnership (LLP)
A limited liability partnership (known as LLP) also have limited liability to his partners. This is a new kind of business and register under the Ministry of Corporate Affairs (MCA). A limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities. It therefore can exhibit elements of partnerships and corporations. In an LLP, each partner is not responsible or liable for another partner's misconduct or negligence.
To know more about Limited Liability Partnership (LLP)
What is a Limited Liability Partnership (LLP) ?
Procedure to register a LLP in India.