Tag Archives: #LegalEntitiesExplained

Are LLPs law firms?

    LLPs law firms: LLPs law firms: Yes, LLP (Limited Liability Partnerships) are most common structure among law firms. In many ways LLP provide a suitable legal structure for professional service. It includes firms such as law firms, accounting firms, and architectural firms. LLPs allow individual partners within the law firm to have limited… 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 »

Is society and trust the same?

Society and Trust   No, society and trust are not the same, although they both refer to different legal entities with distinct characteristics. Here’s an overview of the differences between a society and a trust: Nature and Purpose: Society: A society is an association of individuals who come together for a particular purpose, such as… Read More »