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LLP taking loan

parvind bagri (57 Points)

27 October 2018

Can an LLP take loan from outsiders ??

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pandit sharma (28 Points)
Replied 28 October 2018

yes firstly you check you partnership agreement if there are any restrictions.
Since anLLP is a legal entity separate from its partners, it can have business transactions with its partners also.

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parvind bagri (57 Points)
Replied 28 October 2018

okk.. but what about loan from the persons who are not it's partners ?

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