You are here

What does LLP stand for in the name of an organization in small business?

Submitted by LegalWizin on Wed, 08/26/2020 - 00:58

The suffix LLP refers to an organisation type called the Limited Liability Partnership which is formed and registered under Limited Liability Act, 2008.

The LLP is formed with numerous characteristics such as limited liability and separate legal existence. Any person dealing with such entity must be aware about its status. Therefore, such organisation registered under LLP Act must use suffix “LLP” as part of their name.

To know about LLP registration and its name, feel free to connect with experts at LegalWiz.in.