limited liability patnership firm
This query is : Resolved
03 April 2010
can anybody tell me aboutlimited liability patnership firm. how this can be form and its advantages
03 April 2010
ADVANTAGES OF LLP:---
* Separate legal entity
* Easy to establish
* Flexibility without imposing detailed legal and procedural requirements
* Perpetual existence irrespective of changes in partners
* Internationally renowned form of business in comparison to Company
* No requirement of minimum capital contribution
* No restrictions as to maximum number of partners.
* LLP & its partners are distinct from each other
* Partners are not liable for Act of other partners.
* Personal assets of the partners are not exposed except in case of fraud.
* Easy to dissolve or wind-up
* Professionals like CS / CA / CWA / Lawyers can form Multi-disciplinary Professional LLP
* No requirement to maintain statutory records except Books of Accounts
* Less Cost of formation (Compared to a company)
FOR ANY FURTHER INFO PLEASE VISIT:--
http://www.llp.gov.in/
* Separate legal entity
* Easy to establish
* Flexibility without imposing detailed legal and procedural requirements
* Perpetual existence irrespective of changes in partners
* Internationally renowned form of business in comparison to Company
* No requirement of minimum capital contribution
* No restrictions as to maximum number of partners.
* LLP & its partners are distinct from each other
* Partners are not liable for Act of other partners.
* Personal assets of the partners are not exposed except in case of fraud.
* Easy to dissolve or wind-up
* Professionals like CS / CA / CWA / Lawyers can form Multi-disciplinary Professional LLP
* No requirement to maintain statutory records except Books of Accounts
* Less Cost of formation (Compared to a company)
FOR ANY FURTHER INFO PLEASE VISIT:--
http://www.llp.gov.in/
03 April 2010
Well Explained.
You can also visit site > www.llponline.in
You can also visit site > www.llponline.in
03 April 2010
THANKS RAHUL JI.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Sale of property furniture sale
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- RCM INVOICING FROM NOV-2024
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- TDS under section and rate of TDS
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- GST Regis.
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
Trending Online Classes
CAclubindia
