LLP in India – Limitations/Disadvantages

Understanding the Limited Liability Partnership (LLP) limitations / disadvantages would help the entrepreneur get the additional perspective of this structure.  The entrepreneur needs to understand these things quite in details as it may create various stumbling blocks, which  may delay  breakthrough related to Start-up growth. Here in this article we would explore some of the limitations/disadvantages, that would help us avoid future hassles.

Limitation in the formation of LLP
As the basic structure or model of the LLP is similar to that of any partnership firm  but it requires minimum two partners to form it.

Click here to read the full article published in MarketExpress  -  a Financial & Business News, Analysis, Insights, Opinions & Research Portal.



*****************************************************************
If this article has helped you in any way, i would appreciate if you could share/like it or leave a comment. Thank you for visiting my blog.

Legal Disclaimer:
The information / articles & any replies to the comments on this blog are provided purely for informational and educational purposes only & are purely based on my understanding / knowledge. They do not constitute legal advice or legal opinions. The information / articles & any replies to the comments are intended but not promised or guaranteed to be current, complete, or up-to-date and should in no way be taken as a legal advice or an indication of future results. Therefore, I can not take any responsibility for the results or consequences of any attempt to use or adopt any of the information presented on this blog. You are advised not to act or rely on any information/article contained without first seeking the advice of a Practicing Professional.

4 thoughts on “LLP in India – Limitations/Disadvantages

  1. dear ma’am

    can you pl provide a draft copy of detailed application required in filing form 24.

    thanks in advance

  2. dear ma’am

    can you pl provide a draft copy of detailed application required in filing form 24.

    thanks in advance

    Manish

    • To file application for striking off LLP you will have to file form 24 to concerned Registrar of Companies. Since LLP Rules or LLP Act have not provided any formats as per attachments to form 24,I would advise you to prepare formats to be used for striking off company under Fast Track Exit scheme.

Leave a Reply

Notes:
1. Your email address will not be published.
2. All the comments are held for moderation & the approval/response thereof will take some time hence your patience is highly appreciated.
3. Answers to all the questions is not guaranteed/possible since some cases/questions may involve detailed analysis/consultation.
4. If you are a Practising Professional, i would suggest you to Post any queries on the blog itself (so that answers would help others too) instead of having a discussion over the phone otherwise you may email me the detailed query on "info@abhyankarcs.com".
* Would appreciate your return comment/response/update if my answer helped you. Thanks!!

CAPTCHA Image

*

You may use these HTML tags and attributes: <a href="" title="" rel=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>