Limited Liability Partnership or LLP could be a form of organization that is primarily preferred by all types of business in India. this is often owing to the rationale that it incorporates the benefits of 2 parties namely- partnership firm and a single form of organization. he cost of forming an LLP is affordable and low as well. The parties aren’t needed to pay any kind of minimum capital contribution. The quantitative relation of liability of any partner is that the same as his/her contribution to the firm and it’s operating. it’s a legal identity of its own, that is comparable to the other corporations. The minimum range of partners needed to make an LLP is 2, and there’s no higher limit.