A Limited Liability Partnership (LLP) is a kind of partnership in which all or some partners have limited liabilities. It can so demonstrate elements of both the entity type that includes partnerships and corporations. LLP is seen as a good alternative form of corporate business known to provide individuals with the advantage of the flexibility of a partnership and the limited liability of a company. Thus, an LLP is an independent legal entity
All the Limited Liability Partnership owners have to go for the filing with MCA regularly. For an LLP, Annual Compliance is mandatory and cannot be avoided at any cost. Filing LLP MCA compliance does require you to have knowledge and understanding of the essential forms and documentation.
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