Can LLP be a subsidiary of a company Can LLP be a subsidiary of a company: In the majority of legal jurisdictions, it is not permissible for a Limited Liability Partnership to function as a subsidiary of a company. An LLP is typically a distinct legal entity and a separate business structure from a company.… Read More »
LLP Agreement Is an LLP Agreement mandatory for all LLP’s: Yes, an LLP (Limited Liability Partnership) Agreement is mandatory for all LLPs in most of the countries. The LLP Agreement is a legal document that sets out the rights and obligations of the partners, the profit-sharing ratio, the management structure, and other important details related to… Read More »
Post-LLP agreement compliances Post-LLP agreement compliances: After submitting the LLP Agreement, the following compliance requirements need to fulfill by an LLP in India: 1.Obtaining the Certificate of Incorporation: Once the LLP Agreement and other necessary documents are submitted to the Registrar of Companies (ROC), and if everything is in order, the ROC will issue a… Read More »