Tag Archives: #PartnerLiability

LLP partners liable for debts right or wrong?

Partnership Firm And Limited Liability Partnership

Are LLP Partners Liable for Debts: Right or Wrong   In the world of business, the structure of an organization significantly affects the liability of its members. One common structure is the Limited Liability Partnership (LLP). LLPs are popular among professionals such as lawyers, accountants, and architects due to the combination of flexibility and limited… Read More »

How LLP is better than partnership ?

LLP Outperforms Companies

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 »