LLP is a company or not An LLP, which stands for Limited Liability Partnership, deviates from the conventional definition of a company. While an LLP shares some similarities with a company, it has distinct characteristics that differentiate it from a typical company structure. Here are some key points regarding the classification of an LLP: 1.… Read More »
How LLP is better than partnership Limited Liability Partnerships (LLPs) provide numerous advantages over traditional partnerships, making them a preferred choice for many businesses. Here are some reasons which explain why an LLP is better than partnership: 1. Limited Liability: One of the significant advantages of an LLP is that it provides limited liability… Read More »
Is LLP a Firm or a Company? When starting or managing a business, understanding the distinctions between various types of business entities is crucial. Among the most common questions is whether a Limited Liability Partnership (LLP) is considered a firm or a company. In this blog, we will clarify the differences between a firm and… Read More »
