Liability of llp partners
This query is : Resolved
09 June 2015
a,b,c are three partners of LLP.
Caiptal A/c balance of A is negative 10 lacs. is Mr. A liable to contribute Rs. 10 lacs to LLP for his share of loss?
Caiptal A/c balance of A is negative 10 lacs. is Mr. A liable to contribute Rs. 10 lacs to LLP for his share of loss?
09 June 2015
Not required to contribute for share of loss.
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09 June 2015
The liabilities of LLP shall be met out of the property of the LLP.
Liability of the partners is limited to their contribution.
See more at MCA web site.
https://www.mca.gov.in/LLP/faq_liability_partners.html
Liability of the partners is limited to their contribution.
See more at MCA web site.
https://www.mca.gov.in/LLP/faq_liability_partners.html
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