Limited liabilty partnership firm(llp)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 January 2014
I have an LLP firm,and now me and my partner want to buy a land...Now we are in a confusion that whether we should register the land in the LLP's name or in our names ?What do you suggest?Also will there be any complications at the time of selling incase if we register in LLP's name?
11 January 2014
i would suggest buy in your own name to secure your interest..buying in LLP may create issues where you may add new partners..
what you can do is, buy the land in your name, if any construction is to be done, that be done jointly with LLP or alternatively, even the construction can be done on your own and later the same can be leased to the LLP.
what you can do is, buy the land in your name, if any construction is to be done, that be done jointly with LLP or alternatively, even the construction can be done on your own and later the same can be leased to the LLP.
Message likes :
1 times
13 January 2014
yes agreed with nikhil's view.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- LIC maturity claim whether taxable
- RATE AND HSN CODE
- Portuguese Civil Code IT Return
- TDS AND ITR ISSUE
- Sec 44ada applicable only or both
- Compulsory aqisation of Agriculture & Non Agriculture land are taxable or not ?
- EMI ISSUE IN HOUSING LOAN OLD REGIME
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
