A managing partner filed an involuntary chapter 7 petition against a professional limited liability partnership. The bankruptcy court denied the petition and dismissed the case based on its ...
A limited liability partnership provides the owners of a small business partnership benefits that a general partnership does not. To understand the structure of a limited liability partnership, it's ...
Entrepreneurship is not a cake-walk; we have seldom heard of a one-man show to be successful. Most times a startup is a journey of a team. Mostly people start their venture with their friends or ...
A limited liability partnership (LLP) limits the scope of exposure that general partners must face due to partnership debts, liabilities and malpractice. Texas enacted the first ever LLP law in 1991.
In the Indian context, businesses are typically structured or organized as sole proprietor concerns, partnership firms or companies (either public or private limited). These types of business ...
The Bombay High Court has set aside a reassessment notice issued under Section 148 of the Income Tax Act, 1961 against a company that had ceased to exist due to conversion into a Limited ...
The estimate that a 'partnership tax' would raise £1.9bn for the government in 2026-27 originated in a report by the Centre ...
Two important principles governing corporate entities are: (1) the entity is legally distinct from its owners; and (2) the entity’s property and assets belong to the entity, not its owners. These ...
A friend of mine recently completed registration of the first ever limited liability partnership in Kenya. Businesses will now be able to be formed as LLPs, an option that was never available to ...
Government proposes corporate law amendments, including fractional shares and Producer LLPs, to enhance ease of doing ...
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