Tag Archives: #CompanyFormation

LLP formation requirements: Who can form LLP ?

LLP formation requirements   LLP formation requirements: Limited Liability Partnerships (LLPs) can be formed by a group of individuals or entities who meet the requirements and fulfill the necessary legal procedures. Here’s a breakdown of Who can form LLP: Individuals: Two or more individuals can come together to form an LLP. They may be professionals,… Read More »

Which is better LLP or Pvt Ltd?

LLP vs. Pvt Ltd   LLP vs. Pvt Ltd: Embarking on the quest to choose between a Limited Liability Partnership and a Private Limited Company unravels a remarkable and intricate decision-making process, intricately shaped by a plethora of factors. To navigate this captivating landscape and emerge with an enlightened decision, it is imperative to delve… Read More »

LLP to Ltd conversion: Why change from LLP to ltd ?

LLP to Ltd conversion       LLP to Ltd conversion: The transition from a Limited Liability Partnership (LLP) to a Private Limited Company (Ltd) is driven by a diverse array of distinctive motives, reflecting the dynamic nature of businesses and the evolving needs of stakeholders involved in the decision-making process. Here, we explore a… Read More »

How does LLP work in India?

  How does LLP work in India:   This act provides a framework for the establishment, operation, and dissolution of LLPs in the country. Here’s a unique overview of how LLP work in India : Formation: To form an LLP in India, you need at least two partners who can be individuals or corporate entities.… Read More »

Where to buy LLP profile ?

Where to buy LLP profile   Where to buy LLP profile: Embarking on the journey to acquire an established Limited Liability Partnership (LLP) profile or company unveils a world of captivating possibilities that demand meticulous evaluation. Within this realm of exploration, a myriad of exceptional options beckon with their unique allure, enticing careful consideration and… Read More »

Is LLP for selling Goods or services?

Is LLP for selling Goods or services   Is LLP for selling Goods or services: If you are referring to using a Limited Liability Partnership (LLP) for the purpose of selling goods or services, it is possible to operate a business involved in sales activities as an LLP. Here are some key considerations: 1. Legal… Read More »

What is LLP and its features

LLP and its features   LLP and its features, the acronym LLP stands for “Limited Liability Partnership,” which encompasses a legal business structure that blends characteristics of a partnership and a corporation. LLPs offer partners limited liability protection.   Here are some notable key features of LLPs: A fundamental attribute of an LLP is the… Read More »

When LLP is required ?

When LLP is required     A Limited Liability Partnership (LLP) may be required in various situations depending on the jurisdiction and specific regulations.  Here are some common scenarios where an LLP may be required: 1.Professional Services: In many jurisdictions, certain professional services such as legal, accounting, architectural, and consulting services are required to be… Read More »

Can LLP be a subsidiary of a company ?

Can LLP be a subsidiary of a company Can LLP be a subsidiary of a company: In the majority of legal jurisdictions, it is not permissible for a Limited Liability Partnership to function as a subsidiary of a company. An LLP is typically a distinct legal entity and a separate business structure from a company.… Read More »

How LLP is formed?

LLP Formation Process   LLP Formation Process: Forming an LLP (Limited Liability Partnership) typically involves several steps and requirements. The exact process may vary depending on the jurisdiction, but here is a general outline of How LLP is formed:  1. Select a Name: Choose a unique name for the LLP that complies with the naming… Read More »