LLP Full Form – What is the full form of LLP?

LLP Full Form: Limited Liability Partnership, A limited liability partnership (LLP) is a partnership in which some or all of the partners (depending on the jurisdiction) have limited liability. It, therefore, exhibits elements of partnerships and corporations. One partner in an LLP is not responsible or liable for the misconduct or negligence of the other partners. This is an important difference of an unlimited partnership.

  • LLP Full Form in English: Limited Liability Partnership
  • Category: Business » Business Terms
  • LLP Full Form in Hindi: सीमित देयता भागीदारी
  • LLP Full Form in Marathi: केंद्रीय राखीव पोलिस दल

What is the full form of LLP?

The full form of LLP is Limited Liability Partnership and LLP in Hindi means Limited Liability Partnership. A limited liability partnership (LLP) is a partnership in which some or all of the partners (depending on the jurisdiction) have limited liability. It, therefore, exhibits elements of partnerships and corporations. One partner in an LLP is not responsible or liable for the misconduct or negligence of the other partners. This is an important difference of an unlimited partnership.

What is LLP?

A Limited Liability Partnership (LLP) is a partnership in which some or all of the partners (depending on the jurisdiction) have limited liabilities.
Therefore it may exhibit elements of partnerships and corporations. In LLP, each partner is not responsible or liable for the misconduct or negligence of the other partner.

LLP DEFINITION:

Do you know the Hindi meaning of LLP? What is LLP which is called Limited Liability Partnership in Hindi?

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LLP Meaning in various Indian Languages

LLP meaning in Arabicشراكة ذات مسؤولية محدودة
LLP meaning in Bengaliসীমিত দায় অংশীদারিত্বের
LLP meaning in EnglishLimited Liability Partnership
LLP meaning in Gujaratiમર્યાદિત જવાબદારી ભાગીદારી
LLP meaning in Hindiसीमित देयता भागीदारी
LLP meaning in Kannadaಸೀಮಿತ ಹೊಣೆಗಾರಿಕೆ ಸಹಭಾಗಿತ್ವ
LLP meaning in Malayalamപരിമിതമായ ബാധ്യത പങ്കാളിത്തം
LLP meaning in Marathiमर्यादित दायित्व भागीदारी
LLP meaning in Nepaliसीमित देयता साझेदारी
LLP meaning in Punjabiਸੀਮਤ ਦੇਣਦਾਰੀ ਭਾਈਵਾਲੀ
LLP meaning in Sindhiمحدود ذميواري پارٽنرشپ
LLP meaning in Tamilவரையறுக்கப்பட்ட பொறுப்பு கூட்டு
LLP meaning in Teluguపరిమిత బాధ్యత భాగస్వామ్యం
LLP meaning in Urduمحدود ذمہ داری شراکت داری

FAQ’S For LLP Full Form

Q. What is the difference between Pvt Ltd and LLP?

Ans. LLP is a separate legal entity registered under the LLP Act, 2008. … Private Limited Company is a separate legal entity registered under the Companies Act, 2013. The Directors and Shareholders of a Private Limited Company are not personally liable for the liabilities of the Company.

Q. How does an LLP work?

Ans. Limited liability partnerships (LLPs) allow for a partnership structure where each partner’s liabilities are limited to the amount they put into the business. Having business partners means spreading the risk, leveraging individual skills and expertise, and establishing a division of labor.

Q. What is an LLP account?

Ans. A limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities. It therefore can exhibit elements of partnerships and corporations. In an LLP, each partner is not responsible or liable for another partner’s misconduct or negligence.

Q. What are the disadvantages of LLP?

Ans. Disadvantages of an LLP
Public disclosure is the main disadvantage of an LLP. …
Income is a personal income and is taxed accordingly. …
Profit can not be retained in the same way as a company limited by shares. …
An LLP must have at least two members. …
Residential addresses were historically recorded at Companies House.

List Of Full Form

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