LLP refers to Limited liability partnership and is governed by Limited Liability Partnership Act 2008. Limited Liability partnership provides advantage of limited liability to its owners and at the same time requires minimal maintenance. The directors of a private limited company have limited liability to creditors. LLP required minimum 2 person as designated Partner. LLP has no restriction of minimum capital contribution.

An application is required to be made in e-Form 24 to the Registrar of Companies for Striking off the name of the LLP.

For a Limited Liability Partnership (LLP), the returns should be filed periodically for maintaining compliance and escape heavy penalty under the law for non-compliance.