Tag Archives: #LLPFormationLaws

When LLP is applicable ?

LLP applicable

When LLP applicable   When LLP applicable: Limited Liability Partnerships (LLPs) are applicable and suitable for various situations. Here are some common scenarios where an LLP may be applicable:  Professional Services: LLPs are commonly used by professionals such as lawyers, accountants, architects, consultants, and similar service-oriented businesses. It allows these professionals to operate as a… Read More »

Is an LLP Agreement mandatory for all LLP’s?

LLP Agreement

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 »