What is the process to change the LLP Agreement of Limited Liability Partnership (LLP)? Introduction A Limited Liability Partnership (LLP) is a business structure that combines the benefits of a partnership and a company. It provides the flexibility of a […]

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

A guide on Designated Partner of a company Introduction The LLP Agreement specifies that a Designated partner gap must be closed within 30 days of its formation. Each LLP member is an established partner if no designated partner is selected […]

Removal of a Partner in a LLP – Reasons for removal of a Partners in Limited Liability Partnership  and “How to remove a partner from LLP?” The other partners must agree first, to add or remove a partner from an LLP […]

Fundraising in LLP – Contribution of a Partner in LLP Fundraising, and Minimum Contribution Requirement Introduction The concept of a Limited Liability Partnership, or LLP, was first proposed in April 2009. Because of its unique benefits, LLP registration has swiftly […]