ACCOUNTING AND BOOK KEEPING

Limited Liability Partnership in India is an incorporated business organization. It is a Body Corporate having the features of a Partnership Firm and a Limited Company. The management of LLP is defined by LLP agreement and partners have the freedom to regulate affairs of the LLP in India. Minimum two persons are required to register an LLP and there is no restriction regarding a maximum number of members. For the registration of LLP, An LLP should have minimum 2 partners. Every LLP should have minimum 2 designated partners who are individuals and at least one of them should be resident in India.