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Limited Liability Partnership (LLP) registration in India offers the benefits of both a partnership and a company. It provides limited liability protection to its partners meaning personal assets are not at risk for business debts. An LLP requires at least two partners and is governed by the LLP Act 2008. This structure is ideal for small and medium businesses, offering flexibility, ease of management, and lower compliance costs. The registration process involves filing online through the Ministry of Corporate Affairs (MCA) portal.
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