Limited Liability Partnership (LLP) is another form of corporate business setup that gives benefit of limited liability of a company and the flexibility of partnership. LLP can continue its existence irrespective of changes in partners, it can enter contracts and hold property in its own name. The LLP is a separate legal entity, is liable to the full extent of its assets but liability of the partners is limited to their agreed contribution in the LLP. Further, no partner is liable on account of an independent or unauthorized action of other partners, thus individual partners are shielded from joint liability created by another partner’s wrongful business decisions or misconduct. Since LLP contains elements of both ‘a corporate structure’ as well as ‘a partnership firm structure’ LLP is called a hybrid between a company and a partnership. At firststartup, we provide a quick LLP registration that can be given with complete compliances in 25 days.

firststartup helps to provide basic accounting work and compliances at a very affordable price range. At firststartup, we give the following compliance and accounting work at a very competitive range: