Tag Archives: #LLPFacts

LLP partners liable for debts right or wrong?

Partnership Firm And Limited Liability Partnership

Are LLP Partners Liable for Debts: Right or Wrong   In the world of business, the structure of an organization significantly affects the liability of its members. One common structure is the Limited Liability Partnership (LLP). LLPs are popular among professionals such as lawyers, accountants, and architects due to the combination of flexibility and limited… Read More »

Why LLP is introduced in India ?

Corporate Guarantee

LLP Act in India LLP Act in India: The advent of Limited Liability Partnerships (LLPs) in India through the enactment of the Limited Liability Partnership Act of 2008. It brought about a truly unique business structure, revolutionizing the Indian corporate landscape. The introduction of LLPs in India aimed to provide a new form of business… Read More »