Wednesday, August 19, 2009

The LLP vehicle

Books of Account

Law Relating to Limited Liability Partnership

D. S. R. Krishnamurti

( www.taxmann.com )

Understanding LLP

LLP is viewed as an alternative corporate business vehicle, says D. S. R. Krishnamurti in Law Relating to Limited Liability Partnership, second edition. The LLP vehicle provides limited liability preserving for its constituencies the flexibility of organising their internal structure as a partnership based on a mutually arrived agreement subject to the LLP Act with least regulatory hassles, he adds.

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