Limited Liability Partnership (LLP) in Bangalore
A Limited Liability Partnership (LLP) is a legal business structure that combines the benefits of a traditional partnership and a private limited company. In an LLP, two or more partners form a business entity where all partners have limited liabilities. This means that their personal assets are generally protected from the business's debts or liabilities. It offers flexibility in internal management like a partnership while providing the advantage of limited liability like a company.
Key Features of an LLP:
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