Tag Archives: #LLPManagementPrinciples

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 »

Who manages LLP?

Management of LLP   In a Limited Liability Partnership (LLP), the management is typically handled by the partners collectively or as specified in the LLP agreement. Here’s an overview of the management structure in management of LLP. 1.Partner-Managed LLP: By default, an LLP is partner-managed, meaning all partners have the right to participate in the… Read More »