LLP partners liable for debts LLP partners liable for debts: This means that the personal assets of the partners are protected from being used to satisfy the partnership’s debts, beyond their capital contributions or agreed-upon obligations. The liability protection provided in an LLP varies from country to country, as the laws governing LLPs differ.… Read More »
LLP vs LLC Limited Liability Partnerships (LLPs) and Limited Liability Companies (LLCs) are both popular business structures. That offer limited liability protection to their owners. However, there are some key differences between the two entities, including: 1.Ownership and Management: LLP: In an LLP, partners have an active role in the management… Read More »
GST in India As a member of a co-working space, you may not be legally liable for any tax issues like GST in India unless you register as a business or an individual taxpayer. The liability for GST or other taxes depends on the nature and scope of your business activities, your turnover and your… Read More »