Limited Liability Partnership as Advantage to Small Business: Indian Scenario
National Law University Jodhpur (NLUJ)
Amit Kumar Kashyap
February 1, 2010
National Seminar, 'Emerging Issues in Commerce and Managment', February 5-6, 2010
Limited Liability Partnership Act was introduced in India after recommendations of various committees in 2008. The form, while beneficial to professional firms, is actually not very helpful to small businesses. This is a blend of the provisions of Companies Act & Partnership Act. LLP in India seems to be more similar to Limited company but with advantages of partnership act.
This research paper aims to point out the significance of Limited liability Partnership in India with respect to its benefits & nature.
Number of Pages in PDF File: 19
Keywords: Limited Liability Partnership, Partners, Liability, Business
Date posted: February 1, 2010