How does a silent partner get paid?
A silent partner, also known as a sleeping partner, is an individual who invests in a business but does not actively participate in its day-to-day operations. Despite not being involved in management, a silent partner is entitled to a share of the profits of the business. In an LLP (Limited Liability Partnership), the payment structure…
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Can husband and wife form LLP?
Yes, husband and wife can form a Limited Liability Partnership (LLP) in India, and this arrangement is becoming increasingly popular for small businesses, startups, and family-run enterprises. LLPs offer a unique combination of flexibility and limited liability, which makes them an ideal choice for spouses looking to run a business together. If you’re considering LLP…
Can a LLP have a CEO?
Limited Liability Partnerships (LLPs) have become an increasingly popular business structure, especially for small and medium-sized enterprises (SMEs), startups, and professional service providers. They provide flexibility of a partnership with the limited liability protection of a corporation. But a question that often arises is whether an LLP can appoint a CEO (Chief Executive Officer) to…