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Limited Liability Partnership (LLP)

A Limited Liability Partnership (LLP) is formed and registered under the Act known as Limited Liability Partnership Act, 2008. A Limited Liability Partnership is a hybrid of Partnership Firm and a Company, which means it has features or characteristics of both partnership firm and company. Every LLP shall have at least two designated partners for carrying lawful business with a view to earn profit and there is no limit on maximum number of partners. LLP is governed by an agreement between the designated partners or between the designated partners and the LLP as the case may be.
The advantages of a Limited Liability Partnership (LLP) include

LLP shall be a body corporate.
LLP has a separate legal entity from its partners.
LLP shall have perpetual succession. Any change in the partners of LLP shall not affect the existence, rights or liabilities of the LLP.
Liability of the partners is limited to their agreed contribution in the LLP.

The advantages of a Limited Liability Partnership (LLP) include:

Minimum two Persons as Designated Partners
Digital Signature for One Designated Partner
Self-attested copies of KYC documents of Designated Partners (PAN, Aadhar & Bank Statement (Not older than 2 months)
Latest one colour photograph of both Designated Partners
Proof of Registered Office Address (Electricity Bill / Phone Bill / Water Bill) (Not older than 2 months)
NOC from the owner of premises
Consent from the Designated Partners in the Form No. 9
Subscribers Contribution Sheet
LLP Agreement