A Study Of LLP And Its Impact On Small Business

Mishri Batavia, BBA.LLB (Hons.), School of Law, NMIMS (Deemed to be University)

ABSTRACT

This article's goal is to provide the reader with a comprehensive overview of limited liability partnerships. Additionally, the study gives readers a thorough grasp of limited liability partnerships in relation to small businesses. The LLP act 2008 may be understood in a clearer and more succinct way by using the information from this study. The benefits that an LLP provides over a traditional partnership are further outlined in this paper. Additionally, a comprehensive comparison of the LLP acts in the UK and India has been presented. Regarding the same, recommendations have been given. These are elements that are considered during the conversation.

Keywords: Limited Liability Partnership, Small Business.

Indian Journal of Law and Legal Research

Abbreviation: IJLLR

ISSN: 2582-8878

Website: www.ijllr.com

Accessibility: Open Access

License: Creative Commons 4.0

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Licensing:

All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.

Disclaimer:

The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.

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