What is Limited Liability Partnership (LLP)?
Limited Liability Partnership (LLP) is an alternative business vehicle regulated under the Limited Liability Partnerships Act 2012, which combines the characteristics of a company and a conventional partnership.
Who is it for?
The LLP business structure is designed for all lawful business purposes to make a profit. LLP may also be formed by professionals such as Lawyers, Chartered Accountants, and Company Secretaries to carry on their professional practice. The LLP concept will also support start-ups, small and medium enterprises (SMEs) to grow their businesses without worrying too much about their liabilities, personal assets, and strict compliance requirements.