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May 21, 2024 · In India, the concept of LLP was introduced in the year 2008 and is governed by Limited Liability partnership Act, 2008, offering a adaptable and dependable option for every business. What are the Prerequisites of LLP Registration and it’s Eligibility Conditions?
1 day ago · Limited Liability Partnership; Company; Foreign limited liability partnership; Foreign Company; Apart from the above conditions, it is mandatory that one of the partner’s girlfriends is a resident of India. Structure of limited liability partnership. The LLP Act provides that an LLP is a “legal entity” and is separate from its partners.
6 days ago · Two popular options are Limited Liability Partnership (LLP) and company. Both structures have their advantages and disadvantages. To choose the right structure, you must first understand the difference between an LLP and a company. This article will help you distinguish between both and make an informed decision.
May 20, 2024 · In a Limited Liability Partnership (LLP),each partner is an agent only of the firm and not of the other partners. In a partnership, every partner is considered an agent of the firm and of the other partners. Existence or Survivability. Existence not dependent on partners.
May 17, 2024 · Limited Liability Partnership (LLP) refers to a type of partnership where members share limited liabilities towards a venture, depending on their share of investments. In this business structure, members get their share of profits while enjoying significant relief with restricted liabilities.
May 13, 2024 · A Limited Liability Partnership, or LLP, is a unique business structure that combines the benefits of a partnership with the limited liability of a corporation. This means that the partners’ personal assets are protected in case of any debts or liabilities incurred by the business.
May 23, 2024 · The first step in the LLP registration process is to get a DSC for all designated partners. This is required for signing documents online. 2. Apply for Director Identification Number (DIN) Each ...
