Advantages of LLP (Limited Liability Partnership)

Before discussing the advantages of LLP let us first understand what is LLP. What is LLP? LLP short for Limited Liability partnership is a hybrid of a traditional partnership and a private limited company with limited liability and perpetual succession, governed by LLP Act, 2008 and LLP Agreement. LLP combines the benefits of both partnerships [...]

2018-11-05T13:14:54+00:00LLP|

A Complete Guide to Limited Liability Partnership (LLP)

What is Limited Liability Partnership(LLP) ? By way of the Limited Liability Partnership Act, 2008 the worldwide recognized form of business organizations named Limited Liability Partnership entities was introduced in India. A Limited Liability Partnership combines the advantages of both the Company and Partnership in a single form of organization. The important difference from that [...]

2018-11-05T13:15:15+00:00LLP|

Benefits of Limited Liability Partnership(LLP)

Since, Limited Liability Partnership is a hybrid of a company and a partnership and also are comparatively hassle-free in a day to day operations, as it provides the combination of benefits of both a company and a partnership to the management of the company. There are many LLP benefits which other forms of business do [...]

2018-11-05T13:15:31+00:00LLP|

Before Incorporation LLP Compliance

To ensure the smooth functioning of the LPP compliance and procedural matters need to be completed on time. The overall compliance requirement for an LLP is less cumbersome when compared to the post-incorporation LLP compliance required for a company. However, to avoid heavy penalty make sure LLP Compliance are completed on time as LLP is [...]

2018-11-05T13:15:44+00:00LLP|

Steps for closing a Limited Liability Partnership

Limited Liability Partnership (LLP) Limited Liability Partnership is a type of business structure in which all the partners have limited liabilities. Generally, an LLP is set up under legal terms and documents. There is a defined procedure for LLP Registration. There are some benefits to be in an LLP but like everything, it has its own disadvantages too. [...]

2018-11-05T13:15:56+00:00LLP|

Annual Compliances for Limited Liability Partnership

Limited Liability Partnership Limited Liability Partnership in India is a new concept. LLP in India came into existence in the year 2008 with the Limited Liability Partnership Act. Since then it has become a preferable form of business. It is a modern form of partnership having elements of both a company and a partnership. LLP is [...]

2018-11-05T13:16:08+00:00LLP|

8 steps to register LLP in Delhi

A Limited Liability Partnership (LLP) is a type of partnership where partners have limited liabilities in the business hence, the clause of exiting the partnership prevails in this entity. In an LLP, the partner is not liable for the other partner’s misconduct or ignorance. This is the most vital difference between the normal partnership and LLP [...]

2018-11-05T13:16:23+00:00LLP|

Documentation and Procedure for LLP

Limited Liability Partnership(LLP) The Limited Liability Partnership is a form of business where the owners are given the advantage of Limited liabilities and at the same time requires minimal maintenance. The directors of a private limited company have limited liability to creditors. In case of default, banks/creditors can only sell the company’s assets and not personal [...]

2018-11-05T13:16:32+00:00LLP|

All About Limited Liability Partnership (LLP)

Introduction By way of the Limited Liability Partnership Act, 2008 the worldwide recognized form of business organizations named Limited Liability Partnership entities was introduced in India. A Limited Liability Partnership combines the advantages of both the Company and Partnership in a single form of organization. The important difference from that of traditional partnership is that [...]

2018-11-05T13:17:31+00:00LLP|

Conversion of Partnership into LLP

Nowadays, many partnership firms are converting themselves into Limited Liability Partnership, because it provides some amazing benefits like - limited liability protection, no maximum limits for the number of partners, easy to transfer ownership, etc. Related:  Conversion of an LLP into Partnership Mentioned below are the steps required to be followed in order to convert [...]

2018-11-05T13:17:46+00:00LLP|