A Limited Liability Partnership (LLP) is formed and registered under the Act known as Limited Liability Partnership Act, 2008. A Limited Liability Partnership is a hybrid of Partnership Firm and a Company, which means it has features or characteristics of both partnership firm and company. Every LLP company shall have at least two partners for carrying lawful business with a view to earn profit and there is no limit on maximum number of partners. LLP is governed by an agreement between the designated partners or between the designated partners.
