Category: LLP

Strike off LLP without filing Annual Returns

September 22, 2021 By newtaxindia Off

Close / shut down LLP Firm Without Filing of Annual Returns (Form-8 & 11) Before Limited Liability Partnership (Amendment) Rules, 2017 LLP was required to file all pending annual returns before making an application for strike off of LLP in form-24 But the Central Government…

All about LLP and its registration process

September 14, 2021 By Damodhar C Off

What is an LLP? Limited liability partnership is a body corporate and legal entity separate from its partners. LLP has fewer compliances as compared to registered companies. Registration process Admission/Cessation of Partner Compliances to be done by LLP How to Register an LLP in 3…

Conversion of partnership firm into LLP

September 10, 2021 By Damodhar C Off

A. BACKGROUND A firm may convert into a Limited Liability Partnership in accordance with the provisions of Section- 55 of LLP Act, 2008 read with Second Schedule. Partnership firms are at a Disadvantage when compared to the newly introduced Limited Liability Partnership (LLP) as they…

Advantages of Limited Liability Partnership

August 31, 2021 By Damodhar C Off

The concept of Limited Liability Partnership (LLP) was first introduced in India in 2008 by the Limited Liability Partnership Act, 2008 Limited Liability Partnership is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a…