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The Limited Liability Partnership (LLP) concept was introduced in India in 2008. LLP has the characteristics of both the partnership firm and the company. Limited Liability Partnership Act 2008, regulates the LLP in India. They require a minimum of two partners to incorporate an LLP. However, there is no upper limit on the maximum number of partners of an LL...

Accounting is a process of organizing, classifying, interpreting, analyzing & representing the same recorded transactions to benefit Businesses in making decisions & tracking progress. A firm or an individual helping a company or business to clarify expenses, revenue & debts in the form of Financial Statements and reports periodically is known as...