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LLC vs LLP - Limited Liability Company - Limited Liability Partnership
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112 Views • Nov 26, 2022 • Click to toggle off description
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LLP vs LLC

The terms LLP and LLC appear to be a variation on a theme. However, they apply to completely different concepts. There is no LLP vs LLC.

It is possible to set up an LLC with Single-Member as Owner (UBO). However, minimum of Two Partners will be required to form an LLP.

In LLC, Shareholders liability is limited to the value of their total shares. In LLP, liability of the Partner is limited to their agreed contribution.

Sharing of profit in LLC is in the form of dividends decided by the Board of Directors and approved by the shareholders.
In LLP, it is the residual profit which is divided between the partners in the profit and loss sharing ratio which is Agreed in Partnership deed.
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Uploaded At Nov 26, 2022 ^^


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RYD date created : 2023-02-14T10:02:55.420014Z
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@lionsofcommerce6661

1 year ago

agar aise hi video banaen to jivan mein jarur safalta ko prapt karenge

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