LIMITED LIABILITY PARTNERSHIP FIRM (LLP) is a separate legal entity having its own identity and recognized by the law. These concerns can be identified with the suffix “LIMITED LIABILITY PARTNERSHIP FIRM (LLP)” in their names.“LIMITED LIABILITY PARTNERSHIP FIRM (LLP)” form oforganizationis widely chosen among the others as it contains the characteristics of both the Partnership Firm and the company. In LIMITED LIABILITY PARTNERSHIP FIRM (LLP), no partner is responsible for another partner’s negligence or misconduct.