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 »
LLP liability What is an LLP? A Limited Liability Partnership (LLP) is a business arrangement where two or more individuals come together to run a business. It combines the flexibility of a partnership with the limited liability features of a corporation. This means that while partners can enjoy the operational freedom of a partnership,… Read More »
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 »
Do We Need DSC and DIN for Each Partner in an LLP When forming a Limited Liability Partnership (LLP), the process involves various formalities, two of which are obtaining a Digital Signature Certificate (DSC) and a Director Identification Number (DIN). Many prospective business owners wonder: Is it necessary for each partner in an LLP… Read More »
