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What is a Common Characteristi (What is a Common Characteristic of Logos)     09 August 2022

An llp agreement can be amended with an amendment resolution and form 3.

LLPs are made up of limited liability partners who are not held liable for their partners' inactions, nor are they responsible for the diligence or lack thereof of others. Small businesses prefer it because it is simple to operate and limits the partners' liability. In addition to defining the scope and extent of an LLP’s operations, an LLP’s partnership agreement also outlines the rights, duties, and obligations of its partners. A partnership agreement clarifies the roles of the partners, their capital contributions, the profit sharing ratio between partners, protocols for resolving disputes between the partners, and the closure of the firm.

You can leave the drafting of your Change in LLP agreement to our experts by signing up for our Change in LLP Agreement service, ensuring that your firm's requirements are carefully reflected in the LLP agreement so that you can concentrate on your firm.



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 1 Replies

Dr J C Vashista (Advocate)     10 August 2022

Is it a question paper or an advertisement ?

However, it is not a query, as I could make out.


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