The Limited Liability Partnership Act, 2008, with effect from 31st March 2009, introduced a new corporate entity called ‘Limited Liability Partnership’ or ‘LLP’ on the Indian business landscape.

The LLP structure is available to all forms of business and professions. Even foreign companies and LLPs can become partners in a LLP in India. Considering the inherent advantages, traditional partnership firms, private companies or unlisted public companies can exercise the option of converting themselves into a LLP. This book seeks to provide to every businessman and professional in a clear and simple manner, the advantages, nuances, and complexities involved in this new business structure.