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Glossary / Also known as

Limited liability partnership firm

Another name for LLP (Limited Liability Partnership).

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What does limited liability partnership firm mean?

Limited liability partnership firm is another name for LLP (Limited Liability Partnership). A hybrid business structure that combines the operational flexibility of a partnership with the limited liability protection of a company.

The two names mean the same thing. You will see "limited liability partnership firm" in some ledgers, reports and contracts and "Limited Liability Partnership" in others. The full entry covers how it works, with examples.

Read the full definition of LLP (Limited Liability Partnership)

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Related terms.

Company law and governance LLP (Limited Liability Partnership) A hybrid business structure that combines the operational flexibility of a partnership with the limited liability protection of a company. Also called limited liability partnership firm ROC filing MCA (Ministry of Corporate Affairs) The Government of India ministry responsible for company registration, corporate regulation, and enforcement of the Companies Act and LLP Act. Also called MCA21, corporate affairs ministry ROC filing RoC (Registrar of Companies) The government authority responsible for registering, regulating, and administering companies and LLPs across India. Also called Registrar of Companies office, company registrar Company law and governance CIN (Corporate Identity Number) A unique 21-digit alphanumeric identifier assigned to every company registered with the Registrar of Companies in India. Also called company identification number, corporate identification number Statutory compliance Business Compliance The process of adhering to all applicable laws, regulations, and industry standards that govern business operations in India. Also called corporate compliance, regulatory compliance Company law and governance Annual General Meeting (AGM) An Annual General Meeting (AGM) is a mandatory yearly meeting of a company's shareholders required under Section 96 of the Companies Act, 2013 to transact ordinary business. Also called annual shareholders meeting
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