Tag Archives: #LLPManagementAuthority

LLP what is a designated member ?

Designated member LLP

Designated member LLP   Designated member LLP: Within a Limited Liability Partnership (LLP), a designated member stands as a partner who assumes additional responsibilities and obligations, as mandated by the LLP’s legal framework. The concept of designated members is specific to LLPs and is different from regular members or partners. Here are some key points… Read More »

Who governs LLP?

LLP mean in business

Who governs LLP Introduction An LLP, or Limited Liability Partnership, is a widely preferred business structure that merges the advantages of both partnerships and corporations.  LLPs are commonly used by professionals and businesses seeking flexibility while limiting personal liability. However, every business entity operates within a legal framework, and LLPs are no exception. Governance is… Read More »