LLP

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RAJEEV

RAJEEV (Querist)

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

Rahul Gupta

Rahul Gupta (Expert)

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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