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LLP

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RAJEEV

RAJEEV (Querist)
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28 May 2010 can anyone tell me about LLP.
and plz give all details regarding ths

Rahul Gupta

Rahul Gupta (Expert)
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28 May 2010 Limited Liability Partnership, popularly known as LLP combines the advantages of both the Company and Partnership into a single form of organization. In an LLP one partner is not responsible or liable for another partner's misconduct or negligence, this is an important difference from that of a unlimited partnership. In an LLP, all partners have a form of limited liability for each individual's protection within the partnership, similar to that of the shareholders of a corporation. However, unlike corporate shareholders, the partners have the right to manage the business directly.An LLP also limits the personal liability of a partner for the errors, omissions, incompetence, or negligence of the LLP's employees or other agents.

FOR MORE DETAILS VISIT
WWW.LLPONLINE.IN
You can ahve lots of information about LLP there.

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