LLP registration in Hyderabad is a straight forward task. This form of business is important since it offers benefits of limited liability to the partners at less compliance cost. It is also flexible for the partners to organize the internal structure similar to traditional partnership. An LLP is a legal body according to Section 3 of Limited Liability Partnership Act 2008. It is liable for the full extent of its asset. Unlike a traditional partnership firm, a limited liability partnership has the perpetual succession. Death, insolvency or retirement does not affect the existence of the company. Also the LLP can be defined as hybrid between a company and the partnership.