A limited liability partnership is a firm, a legal entity which is made by its partners with objectives of a lesser responsibilities. It provides the benefits of a Company with a maximum flexibility. LLP is a partnership under an agreement consented by at least 2 persons (the natural persons). The LLPs are regulated under the Limited Liabilities Partnership act, 2008. The LLP is a legal entity made of at least 2 natural persons and works like a company where each Partner is limited to the contribution made by them. It retains a lessor compliance and regulations and an easy way of making business. ​