Introduction : Designated Partner Identification Number (DPIN) is a unique identification number assigned to designated partners of limited liability partnerships (LLPs) registered in India. This number is issued by the Ministry of Corporate Affairs (MCA) to the partners of an LLP. A DPIN is an important identification number for an LLP partner as it is…
Tag: LLP
The Benefits of Choosing a Limited Liability Partnership over a Partnership Firm
In LLPs and Partnership Firms, two or more people come together to form one business entity. Furthermore, these firms’ profits and losses are shared by their participants according to their agreements. What is LLP (Limited Liability Partnership)? The liability of the partners in a Limited Liability Partnership (LLP) is limited to some or all of…