SEO Sai Gr. Hosp.
196561 Points
Joined July 2016
LLP is separate legal entity, separate from its partners\ designated partners. Its created by law, shares of partners can be transferred. Liability of partners is limited upto their capital contribution, CLB has jurisdiction over the affairs of the LLP. Hence A LLP is a body corporate formed and incorporated under the act and which has legal entity separate from that of its partners, having perpetual succession and liability of its partner shall be limited. Only thing is suffix ‘LLP’ or Limited Liability Partnership has to be added to the name, and not Company.