Pending professional review. This content was drafted with Claude from official sources and has not yet been reviewed by an ArthaKara professional. Verify against the official sources before relying on it.
Simple meaningA partnership with limited liability for partners.
Relevant ActLLP Act, 2008
Section / ruleSections 2(1)(n), 3
Technical meaning
A partnership formed and registered under the LLP Act, 2008, a body corporate with separate legal entity and limited liability of partners.
Practical example
Professionals often choose an LLP structure.
Related terms
- Form 11
- Form 8
Official reference
LLP Act, 2008, Sections 2(1)(n), 3
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