Introduction Limited Liability Partnerships (LLPs), governed by the Limited Liability Partnership Act, 2008, are recognized as separate legal entities capable of entering into contracts in their name. While the LLP Act provides the structural and regulatory framework,...

Introduction The rise of e-commerce in India has transformed traditional business models, enabling entrepreneurs to reach a nationwide and even global customer base through digital platforms. As the legal structure of a business plays a vital role in shaping its...

Introduction India’s startup ecosystem has witnessed exponential growth over the past decade, fueled by technological innovation, policy support, and increased investor interest. Amidst various business structures, the Limited Liability Partnership (LLP) has emerged...

Introduction Stamp duty is a form of tax levied on legal documents, and in the context of a Limited Liability Partnership (LLP), it plays a vital role during registration, especially while executing the LLP agreement. The LLP agreement serves as the charter of the...

Introduction In a Limited Liability Partnership (LLP), income sharing and loss sharing are fundamental aspects that determine the financial relationship among partners. These mechanisms define how profits generated from the business are distributed among partners and...

Introduction In a Limited Liability Partnership (LLP), each partner plays a significant role in the governance and operation of the business. However, over time, a partner may choose to resign due to personal, professional, financial, or strategic reasons. The LLP...

Introduction Business valuation is a critical process used to estimate the economic value of a business entity for purposes such as investment, acquisition, merger, restructuring, or regulatory compliance. The valuation of a business is influenced not only by its...

Introduction A Limited Liability Partnership (LLP) operates as a separate legal entity under a registered name granted by the Registrar of Companies (ROC) during incorporation. However, throughout business, LLPs may decide to change their name due to branding...

Introduction Limited Liability Partnerships (LLPs) have gained widespread acceptance in India as a flexible and low-compliance business structure suitable for professionals, service providers, and small to medium-sized enterprises. Introduced under the Limited...

Introduction Liquidation is the legal process of winding up the affairs of a Limited Liability Partnership (LLP) when it ceases to operate either voluntarily or by order of a competent authority. The objective of liquidation is to settle all the debts and liabilities,...