Limited Liability Partnerships in India: A General Analysis

12 Pages Posted: 12 Apr 2010

See all articles by Kranti Prakash Sai

Kranti Prakash Sai

affiliation not provided to SSRN; PG Dept of Law

Date Written: April 10, 2010

Abstract

The Limited Liability Partnership (LLP) is viewed as an alternative corporate business vehicle that provides the benefits of limited liability but allows its members the flexibility of organizing their internal structure as a partnership based on a mutually arrived agreement. The LLP form would enable entrepreneurs, professionals and enterprises providing services of any kind or engaged in scientific and technical disciplines, to form commercially efficient vehicles suited to their requirements. Owing to flexibility in its structure and operation, the LLP would also be a suitable vehicle for small enterprises and for investment by venture capital.

Keywords: LLP, Limited Liability Partnership , Indian Partnership Act, 1932

Suggested Citation

Sai, Kranti Prakash, Limited Liability Partnerships in India: A General Analysis (April 10, 2010). Available at SSRN: https://ssrn.com/abstract=1587770 or http://dx.doi.org/10.2139/ssrn.1587770

Kranti Prakash Sai (Contact Author)

affiliation not provided to SSRN

No Address Available

PG Dept of Law ( email )

Sambalpur
Orissa
United States

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