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 ?
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Llp for specific project
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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
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