In a broader sense, LLP is a blend of the corporate body and partnership structure where the one partner is not liable to the action taken by the other. Moreover, Limited Liability Partnership (LLP) can participate in a contract and the rights and duties of the partners are governed through a legal entity. GST Registration … Read more
An LLC is a popular business model because it allows its partners to organize their internal framework as a partnership while benefiting from limited liability. The LLP Act 2008 bridges the gap between an organization governed by the Companies Act 1956 and one controlled by the Partnership Act 1932. In this article, we will discuss … Read more
We all have heard about different types of company formation. Still, many people get confused regarding different types of company formation. Therefore, to clear all the confusion, let us discuss the Limited Liability Partnership(LLP) in detail. In this article, we will understand everything important that you need to know about the Limited Liability Partnership(LLP). What … Read more
OPC and Private Limited Company are two various business structures governed by the Companies Act. The concept of One Person Company promotes single and passionate entrepreneurs to operate their venture. However, Private Limited Company needs two persons to incorporate the company. In this article, we will explain the difference Private Limited Company and OPC from … Read more
As we all know Private Limited Company and the Limited Liability Partnership are two separate business structures governed by two different acts namely the Companies Act 2013 and Limited Liability Partnership Act 2008 individually. Both entities i.e. LLP and Private Limited Company grant many similar features needed to run a small to large-sized business, while … Read more