<h1>India Registers 5,883 LLPs by August 2011: Key Features Include Limited Liability, Flexible Structures, and Conversion from Firms.</h1> The Limited Liability Partnership (LLP) Rules, 2009, effective from April 1, 2009, have facilitated the registration of 5,883 LLPs across India by August 2011. LLPs offer limited liability benefits while allowing flexible internal structuring through agreements among partners. Key features include separate legal entity status, limited partner liability, and protection from unauthorized partner actions. LLPs require at least two partners, with one resident in India. Firms can convert to LLPs, and the Central Government can apply provisions from the Companies Act, 1956, to LLPs. LLPs can be wound up voluntarily or by the High Court. Fifty-seven firms converted to LLPs in the last three years.