DIVIDEND BY LIMITED LIABILITY PARTNERSHIP
This query is : Resolved
MANOJ KUMAR SINGH
(Querist)
10 December 2010
DEAR SIR
I WANT TO KNOW WHETHER A LIMITED LIABILITY PARTNERSHIP CONCERN CAN PAY DIVIDEND
DEAR SIR
I WANT TO KNOW WHETHER A LIMITED LIABILITY PARTNERSHIP CONCERN CAN PAY DIVIDEND
Aditya Maheshwari
(Expert)
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.
LLP is like a partnership type of business.
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