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LLP taking loan
Can an LLP take loan from outsiders ??
Replies (2)
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.
Since anLLP is a legal entity separate from its partners, it can have business transactions with its partners also.
okk.. but what about loan from the persons who are not it's partners ?
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