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.
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