www.llpindia.net is a venture by KPO company viz. eSupport Outsourcing Services Pvt. Ltd. based at Mumbai (www.esupportkpo.com). eSupport KPO is a limited liability company promoted by professionals in 2007 to cater to various corporate business services for Advisory and Services for Company Law, Legal, IPR, Finance, Accounts, Tax and Compliances. The team at eSupport KPO includes Company Secretaries, Lawyers, Chartered Accountants, Ex-Bankers, Accountants, PG, and Engineers.

www.llpindia.net aims to promote LLP business model as a new business structure and also to provide required advisory as well as services to incorporate large number of LLPs by providing professional services of qualified professional team.

In India, LLP as a business structure / model was long awaited by the “family owned” business fraternity. Conducting business as a non-corporate entity / firm carried the risk of personal liability on the owners / partners. There are large numbers of business houses which want to do business as ‘closely held’ but had / have to compulsorily set up “Private Limited Company” to get the shield of ‘Limited Liability’. Similarly there are large number of firms which have to restrict their exposure for finance etc. to avoid risk of direct claim on partner’s properties in the event of business loss.

In the recent years the Government of India took the call to resolve the business limitations of firms and thereby tap entrepreneurial skills which would lead to growth in national GDP. The result was the formulation of the Limited Liability Act, 2008 which was notified on 30th March, 2009 and the LLP Rules were notified w.e.f. 1st April, 2009