A Limited Liability Partnership Registration (LLP) is an alternative form of Corporate Business which offers the benefits of limited liability with lower compliances and a separate legal entity. It can be also termed as a hybrid combination of a company and a partnership. A LLP is a newer form of business governed under the Limited Liability Partnership Act, 2008 by the Ministry of Corporate Affairs. Limited Liability Partnership Registration has a minimum requirement of two partners and does restrict the maximum number of partners that can be a part of the business. LLP have a perpetual succession, a common seal, can sue and be sued in its own name and can continue in existence, irrespective of the changes in the constitution of partners. It can enter into contracts and hold properties and assets in its own name. Furthermore, in a LLP, no partner is liable on account of the independent or unauthorized actions of other partners. It is organized and operates on the basis of an agreement.