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  1. Aug 26, 2021 · An LLP Agreement is an agreement between two or more individuals or businesses who would like to manage and operate a business together in order to make a profit.. A Limited Liability Partnership i.e. LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership.

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  2. Limited Liability Partnership (LLP) was introduced in India by way of the Limited Liability Partnership Act, 2008. The basic premise behind the introduction of Limited Liability Partnership (LLP) is to provide a form of business entity that is simple to maintain while providing limited liability to the owners.

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  4. May 27, 2015 · LLP is a business format that combines the flexibility of a partnership and the advantages of limited liability of a company at a low compliance cost. By Diljeet Titus & Baljit Singh Kalha. A Limited Liability Partnership (LLP) is a partnership in which some or all partners have limited liability. It therefore exhibits elements of partnerships ...

  5. Sep 09, 2020 · The concept of LLP was introduced in India in 2008 by introducing the Limited Liability Partnership Act. Likewise, Section 2(1) (e) of the Act defined LLP as a business that included every trade, service, profession, and occupation. Many regular partnership firms prefer to register themselves as LLPs because of their attractive features and ...

  6. Dec 19, 2019 · Definition of LLP or Limited Liability Partnership. Limited Liability Partnership generally abbreviated as LLP in India is governed under the Limited Liability Partnership Act, 2008 [1]. As per the Limited Liability Partnership Act, 2008, the LLP is defined as the partnership formed and registered under this Act.

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  7. Feb 23, 2021 · Limited liability partnerships (LLPs) are a flexible, legal and tax entity that allows partners to benefit from economies of scale while also reducing their liability.

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