Benefits of LLP compared to Partnership: Limited Liability Partnership (LLP) structures offer several advantages over traditional partnerships. Here are some reasons why LLPs are often considered preferable to general partnerships: Limited Liability Protection: An LLP stands out due to its ability to provide partners with limited liability protection, which is one of its key advantages.… Read More »
Private Limited Company Be a Partnership Private limited company be a partnership: No, a Pvt Ltd company cannot be a partnership. These are two distinct forms of business entities with different legal structures and characteristics. A Pvt LTD company, also known as a limited liability company (Ltd or Pvt Ltd), is a separate legal entity… Read More »
What is a partnership A partnership is a type of business entity in which two or more individuals, called partners, agree to jointly own and operate a business. Partnerships are often formed to share the workload and financial responsibilities of running a business, and to pool together different skills and expertise. To visit: https://www.mca.gov.in In… Read More »