Online Limited Liability Partnership in West Bengal


Limited Liability Partnership (LLP) governed by the Limited Liability Partnership Act 2008, provides limited liability to all or some of its partners. LLP is a combination of partnership and corporation. It is an amalgamation of both forms. One partner in an LLP is not responsible for another partner’s liabilities—misconduct or misdealing. Thereby, the liability is limited. It is quite similar to shareholders of a corporation. An LLP requires minimal maintenance. While occurring of default banks and creditors can sell the company assets and not the personal belongings of directors. Due to this safeguard, many companies are opting for an LLP registration.

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Created by Legalyy 31 weeks 4 days ago – Made popular 31 weeks 3 days ago
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