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Jun 13, 2014 · Limited Liability Partnerships (LLP) are becoming an upcoming trend of corporate structure with increased flexibility of partnerships & lesser compliance costs. The shared slide aims at providing a brief overview about the meaning & statutory requirements for incorporation, pros/cons and formation procedure for LLPs.
- Limited liability partnership
Limited liability partnership. Feb 2, 2014 • Download as...
- LIMITED LIABILITY PARTNERSHIP ACT, 2008
PRICING 1. FDI (Foreign. REPORTING • Reporting of. TAXATION...
- Limited liability partnership
Sep 15, 2014 · A limited liability partnership (LLP) is a type of partnership firm where the liability of some or all partners (depending on the jurisdiction) is limited. Thus LLP is that type of partnership structure where each and every partner's liability is limited to the amount they put into the business.
LIABILITY UNDER LLP. LLP is liable, in case of wrongful act or omission by the partner in the course of business. LLP is not liable if outsider is aware that the partner has no authority to act. Partner is not liable for the wrongful acts/omission of any other partner of LLP. Partner may be personally liable [eg.
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LLP Agreement: means any written agreement between the partners of LLP OR between the LLP and its partners Which determines the mutual rights. &. duties partners inter-se and in relation to the LLP of Partner: means any person who has become a partner in LLP in accordance with the LLP agreement. Designated Partner: Any partner designated as ...
Download presentation. Presentation on theme: "Limited Liability Partnership"— Presentation transcript: 1 Limited Liability Partnership. Partnerships In this lesson, students will be able to identify characteristics of partnerships.
