One of the most essential types of company organisation is a partnership firm. It is a common company structure in India. A partnership firm must be formed by at least two people.

In India, the concept of Limited Liability Partnership was introduced in 2008 by the LLP Act, 2008.

In India, the concept of Limited Liability Partnership was introduced in 2008 by the LLP Act, 2008. In India, LLP has become the most preferred form of business among entrepreneurs.