DIVIDEND BY LIMITED LIABILITY PARTNERSHIP

This query is : Resolved

Report Abuse Follow Query Ask a Query

MANOJ KUMAR SINGH

MANOJ KUMAR SINGH (Querist)
Follow

10 December 2010

DEAR SIR

I WANT TO KNOW WHETHER A LIMITED LIABILITY PARTNERSHIP CONCERN CAN PAY DIVIDEND

Aditya Maheshwari

Aditya Maheshwari (Expert)
Follow

10 December 2010 As it is the entire profits are distributed to all the partners (excluding some % to be transferred to reserves) then there is no question of declaring any dividend as there is no profit to distribute.

LLP is like a partnership type of business.