Limited Liability Partnership
If you are a small business organization and you want to keep things very simple, then you must go for the Limited Liability Partnership to make your business a legal entity and at the same time provide limited liability for every partner.
A Limited Liability Partnership (LLP) has the advantage of both companies as well as a partnership at the same time. This is one of the easiest forms of incorporating your business organization. LLP has a separate legal entity as well as liability is only limited to the contribution made by each partner adding to that no partner is liable on account of the independent or unauthorized action of the other partners.