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llp

llp

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Published by Bhavna Arora
llp
llp

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Published by: Bhavna Arora on Jan 24, 2013
Copyright:Attribution Non-commercial

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01/15/2014

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Introduction To LimitedLiability Partnership (LLP)
- Tushar Mittal
 
Introduction
Limited Liability partnership’s
concept was introduced in orderto adopt :-
a corporate form
With Organizational Flexibility
Tax Status of Partnership
Limited Liability for its Partner.
 
Features
Perpetual Succession
Separate Legal Entity from its Partner 
Liability of LLP, to the full extent of its Assets
Liability of Partners of LLP, limited to their agreed contribution in the LLP.
Registered Body Corporate.

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