Limited Liability Partnership

PVM Legal Force is an Exclusive Sole Proprietorship Registration Agency in Chennai. A Limited Liability Partnership (LLP) is a type of business structure that combines the elements of a partnership and a limited liability company. It is a separate legal entity from its partners, which means that the partners' personal assets are protected from any debts or obligations incurred by the LLP. Each partner has limited liability for the debts of the LLP, meaning that their personal assets are not at risk. In an LLP, partners can participate in the management of the business, but the company itself is not responsible for the actions of individual partners.