Limited Liability Partnership - adesh nahar - finalAdesh Nahar
This document provides an analysis of limited liability partnerships (LLPs) in India. It discusses the history and features of LLPs, including how they have been implemented in other countries like the UK and Singapore that served as models. Some key points covered include:
- LLPs allow for two or more persons to carry on business with limited liability. As of May 2011, over 4,800 LLPs had been registered in India.
- LLPs have features of both partnerships and corporations - they are bodies corporate but the personal assets of partners are protected from liabilities.
- Forming an LLP requires at least two partners (individuals or corporations), a minimum of two designated individual partners residing
Limited Liability Partnership - adesh nahar - finalAdesh Nahar
This document provides an analysis of limited liability partnerships (LLPs) in India. It discusses the history and features of LLPs, including how they have been implemented in other countries like the UK and Singapore that served as models. Some key points covered include:
- LLPs allow for two or more persons to carry on business with limited liability. As of May 2011, over 4,800 LLPs had been registered in India.
- LLPs have features of both partnerships and corporations - they are bodies corporate but the personal assets of partners are protected from liabilities.
- Forming an LLP requires at least two partners (individuals or corporations), a minimum of two designated individual partners residing