This may allow for greater flexibility in the management of the business. The LLP is deemed to be a legal person. It can buy, rent, lease, own property, employ staff, enter into contracts, and be held accountable if necessary. Corporate ownership. LLP’s can appoint two companies as members of the LLP.
However, each partner in an Limited liability partnership (LLP) must take an active role in the business, so the model is more suitable for joint ventures and small businesses than for companies in which investors plan to take passive roles.
Dec 04, 2019 · In India, a man that commits adultery (i.e. has consensual sexual intercourse outside of marriage) can be charged with a criminal offence. The wife may, of course, file for divorce as a civil remedy. If, on the other hand, a wife commits adultery, she cannot be charged with a criminal offence, though the husband can seek prosecution of the ...
Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchisor licenses some or all of its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee.
LLP stands for Limited Liability Partnership. It is an alternative corporate business form that provides the benefits of limited liability of a company along with the flexibility of a partnership. An LLP is a legal entity and is liable to the full extent of its assets but the liability of a partner is limited to their contribution in the LLP.
Definition: Investment banking is a special segment of banking operation that helps individuals or organisations raise capital and provide financial consultancy services to them. They act as intermediaries between security issuers and investors and help new firms to go public. They either buy all ...
Dec 05, 2019 · 2020 news on writ: Amazon’s India unit has recently filed a writ petition in the Karnataka High Court seeking a stay on the probe ordered by the Competition Commission of India (CCI) against the company for alleged violations of competition law.