A business example
Two architects start a practice together and take their first office-design assignment.
The partners
Meera and Kabir agree their contributions, profit sharing and management roles.
The LLP
Their incorporated practice signs the client contract in its own name.
The records
The engagement invoice and bank receipt belong to the LLP's books.
What this shows
The people running the practice and the legal entity accepting the assignment are connected, but they are not interchangeable.
What it is often confused with
An LLP is not a private limited company. Its partner arrangements and filings follow a different framework.
What to look at in your business
Keep the incorporation certificate, LLP agreement and amendments together.
Context and further reading
India Code: Limited Liability Partnership Act, section 3. This reference supports the terminology; use the linked guide for applicability and operative requirements.
Kosha.Services · Updated 2 October 2026