limited liability partnership

Limited Liability Partnership-Is it quasi-partnership, quasi-corporation or sui generis?

Limited Liability Partnership basically means a kind of business entity which have the benefits of a limited liability corporation also, it have the flexibility and the less complicated internal structure of a partnership. Due to this distinct nature of LLP, it is neither governed under the Companies Act, 2013 nor governed under Partnership Act, 1932. […]

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Limited Liability

“Limited Liability”- An examination of the concept from legal and economic perspectives

Limited Liability concept which is applied in the company is relative a concept of modern day enterprises. The concept was first established in the case of Simon v. Simon wherein which says that the liability of a shareholder should be limited to his shareholding in the company and his personal assets must not be used […]

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