What is the Process of Converting an Unregistered Partnership to an LLP? Introduction Converting unregistered partnerships to Limited Liability Partnerships (LLP) is a popular choice among businesses in India. It provides the benefits of limited liability and flexibility in management, […]

Impact of LLP Strike-Off on Debtors and Creditors Introduction Limited Liability Partnerships (LLPs) have gained popularity as a flexible and efficient business structure that combines elements of both partnerships and limited liability companies. However, there may come a time when […]

What is a borrowing clause? What details should the borrowing clause of an LLP agreement include? Introduction An LLP can borrow money from its partners, banks financial institutes, etc. The partners of the LLP should include a borrowing clause in […]

5 Essential Steps to Negotiate a Partner Buyout Agreement in an LLP Introduction In a Limited Liability Partnership (LLP), the dynamics among partners can change over time, leading to the need for a partner buyout. A partner buyout occurs when […]

LLP Agreement vs Partnership Deed Introduction A Limited Liability Partnership is managed and operated by an LLP agreement, whereas a general partnership is monitored by a Partnership deed. An LLP or partnership firm is a business structure through which partners […]

LLP Strike Off for LLPs with Defaulted Filing Requirements Introduction Limited Liability Partnerships (LLPs) are a popular business structure due to their flexibility and limited liability protection. However, maintaining compliance with filing requirements is essential for LLPs to ensure their […]

The Impact of LLP Name Change on Branding: What You Need to Know Introduction The name of a Limited Liability Partnership (LLP) plays a critical role in establishing and maintaining its brand identity. However, over time, a company’s name may […]

LLP Annual Filing: Common Errors to Avoid Introduction LLP annual filing is an important compliance requirement for all Limited Liability Partnerships (LLPs) in India. It is mandatory for all LLPs to file their annual returns on or before the due […]

Reasons for an LLP Name Change: Explained Introduction A Limited Liability Partnership (LLP) is a popular form of business organization that combines the benefits of both a partnership and a limited liability company. Like any other business entity, an LLP […]