llp

Hello Every one,

 

            I have a query that whether a private company with the assistance of a  foreign company can form a llp. And if yes, then in that case whether the accounts of llp will be merged with the private company (as a consolidated balance sheet)?

As per my understanding it should not be becoz  both the entities are independent and separate. 

With Regards

Nidhi

Replies (1)

Upto my understanding:-

No, being seperate entity no consolidation of accounts will be done.

Regards,

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