Tag Archives: #LegalFormation

Are LLP and LLC the same?

LLP and LLC

  Are LLP and LLC the Same When starting a business, choosing the right legal structure is crucial for protecting personal assets, managing taxes, and ensuring operational flexibility. Two popular options are Limited Liability Partnerships (LLP) and Limited Liability Companies (LLC). While they share some similarities, they are distinct entities with different implications for business… Read More »

Partnership firm registration act ?

LLP partner

Partnership Firm Registration Act Introduction The concept of partnership is an integral part of business law, providing a flexible and collaborative way for individuals to conduct business together. In many jurisdictions, the formal registration of a partnership firm is governed by specific legislative acts designed to provide a framework for its operation and legal recognition.… Read More »