About this document

Overview of Limited Liability Partnerships by Shruti Bhatia is a document available to read on EtoBox.

The document discusses the Limited Liability Partnership Act passed in India in 2008 to govern LLP businesses. Key points include: - The Act defines an LLP as a type of partnership registered under the Act and governed by an agreement between partners. - LLPs are distinct legal entities that can own assets, enter contracts, and sue/be sued in their own name. - Partners have limited liability and their personal assets are protected, except in cases of fraud or criminal acts. - LLPs must have 2 or more

Author

Shruti Bhatia

Language

EN