LLP Registration Services: A Limited Liability Partnership (LLP) combines the advantages of a partnership with those of a limited liability corporation. Both partners share in the profits and losses of the business. After January 2009, it began to take form in India, and almost immediately, it was met with immediate success among entrepreneurs and professional services. The purpose of the limited liability partnership (LLP) was to meet the need for an easy-to-manage type of company organization and to support its shareholders by providing them with limited liability.