Need Help?
FAQs
What is an LLP (Limited Liability Partnership)?
An LLP (Limited Liability Partnership) is a legal business structure that combines the features of a partnership and a company. It offers limited liability protection to its partners, meaning their personal assets are protected from the debts and liabilities of the LLP.
Who can form an LLP?
Any two or more individuals or companies can form an LLP by subscribing to the incorporation documents and fulfilling the requirements specified by the respective country’s laws
Can foreign nationals be partners in an LLP?
Yes, foreign nationals can be partners in an LLP, subject to the specific rules and regulations of the respective country.
Is there any minimum capital requirement for an LLP?
No, there is no minimum capital requirement for an LLP. Partners can contribute any amount of capital they deem suitable for the business.