Tag Archives: #LLPLaws

Are LLPs governed by companies act?

LLPs governed by companies act   Limited Liability Partnerships (LLPs) are a popular business structure that combines features of both partnerships and corporations, offering the benefits of limited liability and operational flexibility. In India, LLPs are primarily governed by the Limited Liability Partnership Act, 2008, but they are also subject to certain provisions of the… Read More »

Can LLP(Limited Liability Partnership) issue debentures?

      Limited Liability Partnership Limited Liability Partnership: Debentures are a type of debt instrument. It is issued to raise funds from investors by corporations or companies typically in exchange for fixed interest payments and repayment of the principal amount at a future date. LLPs, on the other hand, are perform as partnerships and… Read More »

Who governs LLP?

Who governs LLP   LLP Governance: Limited Liability Partnerships (LLPs) are governed by the relevant LLP legislation of the respective jurisdiction. Here’s an explanation of the governing bodies and their roles: Registrar of Companies (RoC): The RoC is a government office or department that maintains a registry of LLPs and companies within a specific jurisdiction.… Read More »

When LLP is 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 LLP a partnership firm?

LLP is partnership firm         A Limited Liability Partnership represents a distinct type of partnership entity. It combines features of both partnerships and companies, providing the advantages of limited liability to its partners. In a traditional partnership firm, the partners have unlimited personal liability for the debts and obligations of the firm.… Read More »

What is LLP company in Hindi?

 LLP in Hindi    LLP कंपनी क्या है? (What is an LLP Company in Hindi?) Limited Liability Partnership कंपनी व्यापारी एकत्रित रूप से नियमित कारोबार चलाने के लिए एक विधि द्वारा प्रमाणित की गई संगठनिक एकता है। यह व्यवसायिक संगठन का एक प्रकार है जिसमें कम से कम दो या अधिक सदस्य होते हैं। इसके… Read More »

Can LLP open saving account?

Can LLP open saving account   Limited Liability Partnerships (LLPs) are a popular business structure that combines the benefits of a partnership and a corporation. One common question that arises for LLPs is whether they can open a savings account. The answer is yes, and in this blog, we’ll explore the key points regarding LLPs… Read More »

Do LLP need legal requirements?

Do LLP need legal requirements   Yes, a Limited Liability Partnership (LLP) is required to meet various legal requirements in India. LLPs combine features of a partnership and a company, offering flexibility and limited liability protection to its partners. However, like any business entity, LLPs must adhere to specific legal obligations to operate lawfully and… Read More »