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 »
LLP is partnership firm A Limited Liability Partnership represents a distinct type of partnership entity. It combines features of both partnerships and companies, providing the advantages of limited liability to its partners. In a traditional partnership firm, the partners have unlimited personal liability for the debts and obligations of the firm.… Read More »
LLP compliance requirements in India LLP compliance requirements in India: The following are the compliance requirements that LLPs in India must fulfill: Annual Compliance: LLPs must file an annual return in Form 11 with the MCA within 60 days from the end of the financial year. Furthermore, LLPs are obligated to submit their Statement… Read More »
