Introduction A Limited Liability Partnership (LLP) is a separate legal entity distinct from its partners, and this legal status empowers it to own, acquire, hold, and transfer property in its own name. The Limited Liability Partnership Act, 2008, recognizes an LLP as...
Introduction Registering a Limited Liability Partnership (LLP) in India involves a series of legal and procedural steps, each accompanied by specific government charges and documentation costs. Two primary financial components in the registration process are LLP...
Introduction A Limited Liability Partnership (LLP) in India must comply with several statutory requirements laid down under the Limited Liability Partnership Act, 2008 and governed by the Ministry of Corporate Affairs (MCA). These compliance obligations involve the...
Introduction In a Limited Liability Partnership (LLP), partners have the flexibility to manage business operations and finances as per the terms of their LLP Agreement. However, when it comes to borrowing funds, there are defined limitations on the powers of...
Introduction With globalization accelerating business expansion, Limited Liability Partnerships (LLPs) in India are increasingly engaging in cross-border operations, such as foreign investments, international trade, and collaborations with overseas entities. However,...
Introduction A Limited Liability Partnership (LLP) is a business structure that promotes flexibility and shared responsibility among partners. However, like any partnership-based model, disputes may arise over profit sharing, management control, contribution defaults,...
Introduction A Limited Liability Partnership (LLP) is a popular business structure in India that combines the operational flexibility of a partnership with the limited liability protection of a company. While LLPs enjoy simplified compliance compared to private...
Introduction A Limited Liability Partnership (LLP) is a hybrid business structure offering the flexibility of a partnership with the limited liability protection of a company. In India, LLPs are recognized as separate legal entities for taxation purposes and are taxed...
Introduction With the rise of e-governance and digital infrastructure, digital compliance has become an integral part of the regulatory framework for Limited Liability Partnerships (LLPs) in India. The Ministry of Corporate Affairs (MCA) has enabled a fully online...
Introduction In a Limited Liability Partnership (LLP), the role of a designated partner is central to ensuring legal and operational compliance. While all partners share in the business's profits and decision-making, designated partners have additional...