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Understanding Limited Liability Partnerships by hunkashu is a document available to read on EtoBox.

What is Understanding Limited Liability Partnerships about?

The document discusses issues with the current partnership model in India and proposes a new Limited Liability Partnership (LLP) structure. It summarizes key problems with partnerships having unlimited liability. The concept paper on LLPs aims to provide benefits of partnerships and corporations, but the document argues it needs improvements. Specifically, it says the concept paper does not truly limit partner liability, lacks manager qualification requirements, omits partner duties to inform managers, and

Author

hunkashu

Language

EN