Limited Liability Partnership or LLP is a type of partnership firm and one of the most chosen types of business by the entrepreneur. With the benefit of limited liability, LLP is the easiest form of business structure. LLP Registration Online in India gives complete freedom to partners to form a partnership business structure in which the liability of each member or partner is limited to the sum of money they lend into the business. To make it clear, if the partnership fails in this business structure, creditors or investors cannot demand the partner’s personal assets or property or income.