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…
Best llp registration in Bangalore
A Limited Liability Partnership (LLP) is a legal business structure where two or more partners come together to run a business, but with limited liability for each partner. This means that the personal assets of partners are protected, and they are only liable for the debts of the business up to the extent of their…