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What is a limited liability partnership (LLP)?
What is an LLP & how does it work?
What are the advantages of a private limited company to LLP?
What is the difference between an LLP and a private limited company?
Mar 1, 2024 · A limited liability partnership (LLP) is a kind of general partnership in which each partner’s personal responsibility for the firm’s obligations is strictly restricted. In accordance with the state, partners may be held accountable for contractual debts but not for the tortious damages of other partners.
Feb 27, 2024 · A Limited Liability Partnership is a legal entity where the partners have limited liability, protecting their personal assets from the business liabilities.
Mar 11, 2024 · 11/03/2024. Business Structure in India from which an entrepreneur could choose for establishing a business or company. Private limited companies and Limited Liability Partnerships are two business structures. Private Limited Company registration have been in existence for a much longer time.
Feb 21, 2024 · An LLP is a type of business structure that combines the flexibility of a regular partnership firm with the advantages of a private limited company, such as limited liability and independent legal entity. It provides both the advantages of a corporation and a partnership firm into one organisational structure.
Feb 28, 2024 · The LLP is meant for professional and advisory firms with no need for equity funding. If this applies to your business, pick the LLP. It’s been gaining in popularity since 2008 because it combines the benefits of partnership firms and private limited companies.
3 days ago · Understanding Limited Liability Partnership (LLP) A Limited Liability Partnership (LLP) is a hybrid business structure that combines features of a partnership and a corporation. It provides the benefits of limited liability to its partners while allowing them to actively participate in the management of the business.
Feb 27, 2024 · FAQ on Benefits of setting up a LLP in India. 1. What is the benefit of limited liability? 2. What are the benefits of an LLP company? 3. What is the tax benefit in LLP? 4. Is LLP better than the company? 5. What is the purpose of LLP? 6. What is the minimum capital for LLP? 7. What is the main feature of LLP? 8.