Introduction LLP vs Private Limited : When starting a business in India, one of the crucial decisions entrepreneurs face is choosing the right business structure. Two of the most popular options are Limited Liability Partnership (LLP) and Private Limited Company (Pvt Ltd). Both structures have distinct advantages and limitations, making them suitable for different types… Read More »
Introduction LLP Name Change Procedure : Limited Liability Partnerships (LLPs) have become a popular choice for businesses in India due to their flexibility, limited liability benefits, and minimal regulatory requirements. However, there may arise a situation where an LLP needs to change its registered name. Whether due to rebranding, expansion, legal requirements, or merger considerations,… Read More »
Introduction Limited Liability Partnership (LLP) is a popular business structure in India, offering the flexibility of a partnership with the advantages of limited liability. Since its introduction under the Limited Liability Partnership Act, 2008, LLPs have gained traction among small businesses, startups, and professionals due to their minimal compliance requirements and cost-effective nature. One of… Read More »
A Limited Liability Partnership (LLP) is a popular business structure in India due to its flexibility, minimal compliance requirements, and limited liability protection for partners. While registering and managing an LLP is cost-effective compared to a private limited company, there are several government fees involved at various stages of its lifecycle. Understanding these fees is… Read More »
Limited Liability Partnership (LLP) is a popular business structure in India that combines the advantages of a partnership and a corporate entity. It offers limited liability to its partners while allowing flexibility in management. Many business owners and investors wonder whether an LLP can invest in stocks, mutual funds, or other financial instruments. Investing in… Read More »
Can LLP issue shares? A Smart Choice for Startups in India A Limited Liability Partnership (LLP) is a popular business structure in India that combines the benefits of a Partnership Firm and a Private Limited Company. Unlike traditional partnerships, LLPs provide limited liability protection, meaning that individual partners are not personally responsible for business debts.… Read More »
LLPs governed by companies act Limited Liability Partnerships (LLPs) are a popular business structure that combines features of both partnerships and corporations, offering the benefits of limited liability and operational flexibility. In India, LLPs are primarily governed by the Limited Liability Partnership Act, 2008, but they are also subject to certain provisions of the… Read More »
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 »
LLPs Agreement The LLP agreement typically includes the following key provisions: 1. Name and Address: The agreement begins with the name of the LLP and the registered office address. 2. Business Purpose: The agreement specifies the nature of the LLP’s business and the activities it will undertake. 3. Contributions: It outlines the capital contributions… Read More »
Are LLP Partners Liable for Debts: Right or Wrong In the world of business, the structure of an organization significantly affects the liability of its members. One common structure is the Limited Liability Partnership (LLP). LLPs are popular among professionals such as lawyers, accountants, and architects due to the combination of flexibility and limited… Read More »
