SANSAD TV: BILLS: AN INSIGHT | LIMITED LIABILITY PARTNERSHIP (AMENDMENT) ACT, 2021

Introduction:             LLP is an alternative corporate body form to traditional partnership firms. Under LLP, a partner’s liabilities are limited to their investment in the business. The amendment aims to facilitate Ease of Doing Business and encourage startups across the country. What is a LLP? A Limited Liability Partnership (LLP) is a partnership in which …