A limited liability partnership, or LLP, is a type of company entity that protects business participants from personal liability. LLPs are special in that partners are not held accountable for the wrongdoings of other partners, staff, or the partnership as a whole. Due to this protection, the LLP business structure is popular among licensed professionals…
Tag: procedure for llp registration
Limited liability partnerships have many benefits
LLPs are business structures that combine aspects of partnerships and limited liability companies. In 2001, the Limited Liability Partnership Act 2000 made it possible to form an LLP in the UK. For industry professionals such as accountants and solicitors, who most often operate as partnerships, the LLP is the most popular incorporated business structure. Find…
Types of Company Registration: An overview
It is crucial to comply with the legalities when starting a business to ensure smooth operations. In order to conduct legal business, you must register your company. A company registration process must be completed by all business owners according to the rules and regulations of the Companies Act. The Companies Act 2013 specifies the types…