Yes. The Limited Liability Partnership can own property in its (LLP’s) name.
Liability of Limited Liability Partnership (LLP)?
The Partners of the LLP have limited liability. Partners are not personally liable for debts and losses of LLP incurred ...
Legal identity of Limited Liability Partnership (LLP)?
Limited Liability Partnership is a separate legal entity. The Partners of the LLP have limited liability. Like a company...
Minimum partners for LLP (Limited Liability Partnership)?
At least 2 partners are required. There is no limit on the number of partners that an LLP may have. At least one manager...
Is Limited Liability Partnership (LLP) a Firm?
No. Like a company, an LLP is a body corporate and therefore a separate legal entity and an LLP member’s liability...
Is LLP (Limited Liability Partnership) a body corporate?
Yes. Like a company, an LLP is a body corporate and therefore a separate legal entity and an LLP member’s liabilit...