A public limited company wants to start a real estate project. Company will be a partner in the project.
Can the company form a LLP to start a specific project ?
Menu
Llp for specific project
Replies (1)
Yes, the creation of a LLP is possible in such a scenario. If however there is just one such project to be carried out, then the LLP form can be used either as a SPV or may be dissolved at the end of the project on consent of all partners or in the alternative, could be carried forward for other projects under the same/ similar arrangements. This model has been followed earlier in India by Godrej. Refer to the link:
https://www.indiabusinessview.com/news/825/godrej-uses-llp-structure-real-estate-spv
Recent Threads
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
- Transfer Pricing Audit Upload Form 3CEB - Income T
- Only a Few Pages Indexed by Google Despite Sitemap
Related Threads
CAclubindia
