LLP or LIMITED LIABILITY PARTNERSHIP REGISTRATION is an alternative corporate business form that gives the benefits of limited liability as present in a company and the flexibility of a partnership business; In other words, LIMITED LIABILITY PARTNERSHIP REGISTRATION offers advantages of both worlds by bringing simplicity in management akin to partnership firms and scope of expansion like that of a company.

The compliance requirements are relatively less, and only a few returns have to be filed. For small LLP the audit is not required. An LLP is a new form of business introduced in the year 2009. For Registration of LLP: LIMITED LIABILITY PARTNERSHIP REGISTRATION , Minimum two people are needed, there is no limit any maximum number of its partners. The biggest advantage of LLP form of business over a Pvt Ltd Company is in the fact that there is less compliance requirement in comparison to a Company.