Tag Archives: #LLPstructurebenefits

LLP and LLC Difference

LLP and LLC difference

LLP and LLC Difference     Here are the key distinctions: 1. Structure: An LLP is a partnership where the partners have limited liability, similar to an LLC. However, an LLP also retains some characteristics of a traditional partnership, such as flexibility in management and the ability for partners to actively participate in the business’s… Read More »

How LLP works ?

How LLP works

How LLP works                                                                                                   An Limited Liability Partnership… Read More »

Can HUF become partner in LLP ?

Partnership in LLP

Can HUF become partner in LLP No, it is not possible for a Hindu Undivided Family (HUF) to assume the role of a partner in a Limited Liability Partnership (LLP).  According to the provisions of the Limited Liability Partnership Act, 2008 in India, only individuals or other LLPs can become partners in an LLP. An… Read More »