Easily Hide Brand Logo in the LLP Agreement

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How to Hide Brand Logo in the LLP Agreement

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got a new limited company well you need to figure out these three things right now as a business accountant my team and i spent all day long helping business owners on their journey and were very fortunate we get to help a lot of business owners at the very start of their journey so if youve been following this content for any length of time youll know we do a ton of content around that for this reason so as a result uh one of the things we come across all the time is three key decisions that need to be made so youve already kind of got your limited company its there its running and theres other videos weve done in the past talking about the decisions you need to make before you do that and even whether limited companies right for you and then i think theres three very common things that need to be decided on from day one early on to get yourself practically going and thats what i want to talk about in this video so if you enjoy these types of videos make sure to click the su

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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Can an LLP be run by one person?

LLCs can be owned by a single member, but LLPs must have at least two partners.

What is Section 7 of the LLP Act 2008?

(1) Every limited liability partnership shall have at least two designated partners who are individuals and at least one of them shall be a resident in India: Provided that in case of a limited liability partnership in which all the partners are bodies corporate or in which one or more partners are individuals and

Are partners personally liable in an LLP?

Limited liability partnership (LLP) is a type of general partnership where every partner has a limited personal liability for the debts of the partnership. Partners will not be liable for the tortious damages of other partners but potentially for the contractual debts depending on the state.

What is relating to Rule 16 2 LLP?

Rule 16(2) of LLP rules, 2009 furnishes that the LLP, moreover to the registered office address, the LLP might show any additional address as its address for the service of the documents beneath section 13(2) of the Limited Liability Partnership Act.

How do I remove my name from an LLP?

A Partner in a LLP cannot be removed by a majority of the other Partner unless the LLP agreement expressly provides such powers. If the LLP Agreement provides such power, a Partner can be removed and Form 4 must be filed to effect the removal.

What is Section 24 of the LLP Act?

(1) A person may cease to be a partner of a limited liability partnership in ance with an agreement with the other partners or, in the absence of agreement with the other partners as to cessation of being a partner, by giving a notice in writing of not less than thirty days to the other partners of his intention

Which section of LLP is audit required?

ing to Section 34(4) of the LLP Act 2008, the accounts of every LLP shall be audited in ance with Rule 24 of LLP, Rules 2009. Any LLP, whose turnover exceeds, in any financial year, forty lakh rupees, or whose contribution exceeds twenty-five lakh rupees, is required to get its accounts.

What is Section 24 of the partnership Act?

Section24 EFFECT OF NOTICE TO ACTING PARTNER. Notice to a partner who habitually acts in the business of the firm of any matter relating to the affairs of the firm operates as notice to the firm, except in the case of a fraud on the firm committed by or with the consent of that partner.

What does an LLP protect you from?

An LLP protects each partner from debts against the partnership arising from professional malpractice lawsuits against another partner. (A partner who loses a malpractice suit for his own mistakes, however, doesnt escape liability.)

Is an LLP subject to taxation?

Like normal partnerships, the LLP pays no income taxes. Instead, profits and deductions are passed through to individual partners. The partnership will report each partners share of profit and loss on Schedule K-1 (Form 1065).

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