Annual Mandatory Compliance for LLPs
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Annual Mandatory Compliance for LLPs

LLP or Limited Liability Partnership is a body corporate which has its own legal identity. It has a common seal and perpetual succession. A minimum of two partners are required to form an LLP though there is no cap on the maximum number of partners that it can have.

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Investigating the Affairs of LLP
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Investigating the Affairs of LLP

A limited liability partnership, as its name suggests is a business organization where through the partners bring investment in the firm, they have a limited liability towards the dues of the partnership. Therefore, it provides the advantage of limited liability of the partners, like a company, and the organization and management of their entity, like a partnership.

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Incorporation of Limited Liability Partnership
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Incorporation of Limited Liability Partnership

Two or more persons associated for carrying on a lawful business with a view to profit should form an LLP. It is a suitable form of business Organizations for small & medium enterprises.

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Features of Limited Liability Partnership
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Features of Limited Liability Partnership

Limited Liability Partnership is yet another form of Business Organization in India but with a bit of difference from other such forms such as Sole Proprietorship, Partnership, Company etc.

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Difference between LLP and Partnership
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Difference between LLP and Partnership

A limited liability partnership, as its name suggests is a business organization where though the partners bring investment in the firm, they have a limited liability towards the dues of the partnership.

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