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What is LLP in India?
What is limited liability partnership (LLP)?
What is LLP & how does it work?
How LLPs are regulated in India?
A Limited Liability Partnership (LLP) is a form of business organisation where the liability held by each of the partners is limited by law. Get information about the guidelines, Acts, rules, notifications related to LLP provided by the Ministry of Corporate Affairs (MCA). Information on online registration of LLP, acquisition of Digital ...
Aug 13, 2021 · Limited Liability Partnership Act, 2008. A corporate business vehicle that enables professional expertise and entrepreneurial initiative to combine and operate in flexible, innovative and efficient manner, providing benefits of limited liability while allowing its members the flexibility for organizing their internal structure as a partnership.
Concept of "limited liability partnership" • LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership. • The LLP can continue its existence irrespective of changes in partners.
Jan 11, 2024 · A Limited Liability Partnership (LLP) is a business entity that bonds the features of a partnership and a corporation. It provides its partners with limited liability protection while retaining the flexibility and tax benefits associated with a partnership.
Section 2 (1) (n) of the Limited Liability Partnership Act, 2008 defines “Limited Liability Partnership” as a partnership formed and registered under the Act. It is a distinct legal entity separate from its Partner. 1. ITR-4 (SUGAM) – Applicable for Individual, HUF & Firm (other than LLP)
The Limited Liability Partnership Act, 2008: Long Title: An Act to make provisions for the formation and regulation of limited liability partnerships and for matters connected therewith or incidental thereto. Ministry: Ministry of Corporate Affairs: Enforcement Date: 31-03-2009: Notification:
Jun 30, 2021 · A limited liability partnership (“ LLP ”) is generally viewed as an alternative corporate business vehicle that provides the benefits of limited liability but allows its members the flexibility...