Limited Liability Partnership Company India

Out of the 29,723 LLPs registered or companies converted to LLPs in 2016-17, at least 33 per cent have been registered in Maharashtra, 13 per cent in Delhi and eight per cent in Gujarat. Right after incorporation of LLP, the partners have to have to execute the similar and file a copy with the registrar of companies inside 30 days of Incorporation, failing which a penalty of Rs. 100 day is imposed for each and every day of delay. Though not a corporate entity, it can sue and be sued, own home and act below the partnership's name. As a result, all partners in a LLP enjoy a form of limited li

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