THE LIMITED LIABILITY PARTNERSHIP ACT 2008

Corporate Professionals Launches LLPonline.in

Offering the advantages of both a partnership and corporate form of business

New Delhi – April, 23rd, 2009: ‘Corporate Professionals’, a leading Corporate Legal &Financial Advisory firm, today announced the launch of www.llponline.in, the one stop online solution for any information pertaining to LLP law in India.

The Limited Liability Partnership Act, 2008, currently in its initial stages of conceptualization will enable professionals from all spheres to gain the nuances of profitable partnership ventures. Entrepreneurs who wish to launch sustainable businesses can immensely benefit from this portal. LLP is a famous and widely acceptable mode of corporate structure in USA/UK and Singapore.

The content of website is customized by experts and simplified for easy understanding of its discerning users. Through its research led content, the innovative portal is poised to set a new benchmark and make an enriching user experience.

The portal aims to be the gateway for LLP law in India by providing an exhaustive knowledge resource on the same. The unique and innovative features of the website, makes it indispensable tool for the users of the LLP, which is totally distinctive and a new concept in India. In addition, a plethora of value-added features makes this portal a must for all professionals and enterprenuers who want to make it big in managing businesses.

Commenting on the launch, Mr. Anurag Goel, Hon’ble Secretary, Ministry of Corporate Affairs said, “This unique portal has all the relevant information related to LLP. I want to laud the efforts put by the architects of the website who have created a masterpiece.”

Reflecting on this initiative, Mr. Pavan Kumar Vijay, Managing Director, Corporate Professionals said, “We are enthused to mention that this website will bridge the information gap and help all the budding entrepreneurs to build successful ventures. The online site has quality content, innovative calculator and other necessary information which makes the formation of LLP easy & seamless.”

About LLP

The concept of LLP, which offers the advantages of both a partnership and corporate form of business has been recently introduced in India and people whether professionals or entrepreneur are immensely interested in knowing the concept of LLP, it would be beneficial to them as there is no online resource that is available in India to cater this need.

LLP has a separate legal entity, liable to the full extent of its assets only and the liability of the partners would be limited to their agreed contribution in the LLP. Further, no partner would be liable on account of the independent or un-authorized actions of other partners, thus allowing individual partners to be shielded from joint liability created by another partner’s wrongful business decisions or misconduct.

About Corporate Professionals (India) Pvt Ltd:

Corporate Professionals is a group best illustrated for providing widest spectrum of corporate services at one stop. They are recognized as a destination where all paths in hunt for corporate solutions end. The group has been involved in delivering services ranging in Corporate Restructuring, Corporate Compliance and Due Diligence, Investment Banking, FEMA Advisory, Corporate Taxation, Securities Laws Advisory etc.

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