‘LLP Name’ is the name by which a registered LLP is being identified. Generally, name of the LLP depicts its Trade Name or Brand Name along with its main activities.
Company is managed by Board of Directors subject to the provisions of Companies Act 2013 and articles of the company. In several cases, shareholders approval required for actions such as change in the articles, issue of shares to a person other than ..
Being a registered entity, LLP is treated as an artificial legal person in relation to regulatory compliance provisions. After registration, an LLP must comply with the legal and regulatory requirements of various laws.
An LLP has many advantages as compared to a company. Among the main benefits are lower tax liabilities and fewer compliance requirements. The steps involved in converting a company into a LLP are:
LLP Agreement means a written agreement between the partners of the LLP or between the LLP and its partners which determines the mutual rights and duties of the partners and their rights and duties in relation to LLP