Tag Archives: #CorporateLawyer

What is LLP and its features

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 »

LLP reconstitution: What is process of reconstitution deed in LLP?

LLP reconstitution

 LLP Reconstitution   What is the Process of Reconstitution Deed in an LLP? Limited Liability Partnerships (LLPs) have become a popular choice for businesses, combining the benefits of partnerships and limited liability companies. Over time, LLPs may undergo changes that necessitate altering the original partnership agreement. This is where the reconstitution deed comes into play.… Read More »