Tag Archives: #LLPExplained

Is LLP a firm or a company?

Firm vs Company

 Is LLP a Firm or a Company? Introduction Limited Liability Partnership (LLP) is a common business structure, but there is often confusion regarding whether it is a firm or a company. Businesses and professionals must understand the differences between these structures to make informed decisions about their legal and operational frameworks. Definition An LLP is… Read More »

What is an Limited Liability Partnership?

Limited Liability Partnership

 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 »