What does LLP mean in business What does LLP mean in business: The acronym LLP represents “Limited Liability Partnership.” This legal business structure merges elements of a partnership and a corporation. It structures partners with the benefit of limited liability protection. Here are some key points about LLPs in the business context: Limited Liability:… Read More »
LLP is Defined Under Which Act The Limited Liability Partnership (LLP) is a legal entity that is established and regulated by the Limited Liability Partnership Act of 2008. This act provides the legal framework for the establishment, operation and regulation of LLPs in India. LLP Act 2008 outlines the rights, duties, and obligations of… Read More »
Requirements for LLP The minimum requirements for LLP can vary depending on the jurisdiction in which it is formed. However, I can provide you with a general overview of some common requirements: 1. Name: The LLP must have a unique name that is not already in use by another entity. The name may need… Read More »
How LLP works An Limited Liability Partnership… Read More »