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LLP stands for Limited Liability Partnership. It is a legal business structure that combines the benefits of a partnership with the limited liability protection of a corporation. In an LLP, partners are not personally liable for the debts and liabilities of the partnership, meaning their personal assets are shielded from potential business risks. This form of business organization is often favored by professionals such as lawyers, accountants, and consultants as it offers flexibility, tax advantages, and a level of protection.
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Llp Full Form in English
LLP stands for Limited Liability Partnership. It is a legal business structure that combines elements of a partnership and a corporation. In an LLP, the partners have limited liability, which means they are not personally liable for the debts and obligations of the business. This structure provides an advantage for the partners by protecting their personal assets from the risks and losses incurred by the company. LLPs are commonly used by professionals such as lawyers, accountants, and architects, as it allows them to benefit from the flexibility and tax advantages of a partnership while enjoying limited liability protection.
Llp Full Form in Hindi
LLP का पूरा नाम “लिमिटेड लियबिलिटी पार्टनरशिप” होता है। यह एक व्यापारिक एकता की एक प्राकृतिक रूप है जिसमें कम से कम दो अधिक सदस्य होते हैं। इसका संगठनिक ढांचा कंपनी और साझा-धन संपत्ति के लिए एक पारित ढांचा बनाता है, जिससे सदस्यों को अपने व्यावसायिक सक्रियताओं में साझा लाभ होता है। इसकी विशेषता पारित संधि द्वारा निर्धारित क्रिया और करदाताओं के प्रति सदस्यों की सीमित दायित्व होती है। एलएलपी को एक प्रशासनिकलय और संचालन मंडल में दाखिल किया जाता है, जिससे उसे कानूनी और वित्तीय संरचना मिलती है।
In conclusion, the full form of LLP stands for Limited Liability Partnership. It is a form of business structure that combines the benefits of both a partnership and a corporation, offering limited liability protection to its partners. LLPs are increasingly popular among professionals and entrepreneurs due to their flexibility and legal protection.