It has become more popular over the past few years to convert partnership companies into Limited Liability Partnerships (LLPs). It is essential to comply with the provisions of Section fifty-five of the Limited Liability Partnership Act, 2008, examine with the Second Schedule, so that you can convert a partnership organization right into a Limited Liability … Read More “Criteria for Converting a Partnership Firm” »
There are many ways to close an LLP. Strike, voluntary liquidation, or bankruptcy are few options, depending on the facts. If the LLP is not in business or has never been in business since incorporation, we recommend following the simple LLP termination process.This option can be chosen if the LLP has no assets or liabilities. … Read More “How to close an LLP in India” »
As an entrepreneur, I am sure you have already done a fair amount of research on the best corporate structure for your business. We will help you understand the registration process in an easy way on LLP incorporation online. The LLP structure basically offers the advantages of her two forms of business structure: partnership and … Read More “The Complete Overview About LLP Registration Process in India” »
A Limited Liability Partnership (LLP) is a type of partnership in which the liability of the company is separated from that of the partner. Members of a limited liability company are exempt from personal liability for the company’s debts or financial losses. In India, LLPs are governed by the Limited Liability Partnerships Act, 2008 LLPs … Read More “Limited Liability Partnership: Secured Liability” »
A limited liability partnership (“LLP”) is generally viewed as an alternative corporate business vehicle that offers limited liability benefits, but allows its members the flexibility of organising their internal structure as a partnership based on a mutually agreed upon arrangement. LLPs are one of the ways in which investors invest in India or start businesses … Read More “FAQs on Limited Liability Partnership in India” »
Limited Liability Partnerships (LLPs) are similar to general partnerships but have limited liability for their partners. An LLP is basically a partnership with certain legal rules and regulations that are more complex than those for a traditional partnership. As a result, closing an LLP is also simpler than closing a partnership. There are some benefits … Read More “What is the procedure for closing a limited liability partnership in India?” »
A decade has passed since Limited liability partnership companies were introduced. Targeted segments, however, have not received it well. This structure still has some misconceptions that are prevalent in general. I will address several of these misconceptions in today’s post. Myth No 1: LLPs have higher tax liabilities than partnerships LLPs are corporations when viewed … Read More “India LLP myths: Don’t believe them” »
Limited Liability Partnership is a business that possesses Due to the legal structure of an LLP, many people believe that incorporating one will be expensive and time consuming. Despite this, there are so many online portals that offer LLP registration services that it has become easier and faster in recent years. As far as MCA … Read More “Bursting the Myths about the Limited Liability Partnership” »
These days, most people are looking to establish a partnership firm due to lots of reasons. Here are the steps you have to follow and learn about the llp company registration in india. Step 1: Interview We ask for confidence about the business purpose and capital of the company, the location of the head office, … Read More “Steps in Establishing a Partnership Firm” »
How does an LLP work? Limited Liability Companies are businesses in which the shareholders are not held liable for the company’s debts. Individuals/firms investing in LLPs avoid risking money on their investment. LLP partners will receive limited liability, which means they will not be held responsible for any financial consequences if the LLP doesn’t pay … Read More “In India, is LLP renewal required every year?” »
