A Limited Liability Partnership (LLP) is a modern business structure in India that combines the flexibility of a partnership with the security of limited liability. Unlike traditional partnerships, partners in an LLP are not personally liable for the business’s debts and obligations. This makes it one of the most preferred structures for small and medium-sized businesses. LLP registration is especially beneficial for startups, service firms, and professional groups such as consultants, architects, and accountants. It provides a formal business identity, legal protection, and credibility in the eyes of customers, investors, and financial institutions.