Tag Archives: #LLPContractualObligations

How is LLP different from company?

LLP vs. Company   LLP vs. Company: An LLP (Limited Liability Partnership) and a company represent distinct legal business structures, showcasing prominent dissimilarities. Here are some of the main differences between an LLP vs. Company: Legal Structure: An LLP is a partnership where the partners have limited liability, meaning their personal assets generally do not… Read More »

What is the liability of LLP?

LLP who is liable

LLP liability   What is an LLP? A Limited Liability Partnership (LLP) is a business arrangement where two or more individuals come together to run a business. It combines the flexibility of a partnership with the limited liability features of a corporation. This means that while partners can enjoy the operational freedom of a partnership,… Read More »