LLP is a body corporate Certainly! An LLP is recognized as an independent legal entity and is categorized as a corporate body. This means that an LLP has its own legal existence independent of its partners. One notable characteristic of an LLP is its independent legal existence, which allows it to establish contractual relationships, hold… Read More »
Who is the Owner of LLP Here are some examples of who typically uses LLP Business Owners: 1.Professional Service Firms: LLPs are often chosen by professionals such as lawyers, accountants, architects, consultants, and doctors who want to operate their practices in a partnership structure while enjoying limited liability protection. This allows individual partners to… Read More »
LLP and Sole Proprietorship The transformative decision of selecting between a Limited Liability Partnership and a Sole Proprietorships influenced by an array of factors. It is ranging from your business goals to liability protection, and even management structure. Within this captivating landscape, careful consideration of these elements paves the way for an informed… Read More »
An Limited Liability Partnership An LLP is a legal business structure that combines the features of a partnership and a corporation. It provides limited liability protection to its partners while allowing them to actively participate in the management of the business. An LLP is a separate legal entity, distinct from its partners, and it offers… Read More »
