Contents of an LLP Agreement

Contents of an LLP agreement

LLP agreement and tax planning

As per the Income Tax law, an LLP is considered to be a 'firm'; therefore, tax provisions applicable to a firm are also applied to LLPs, provided the following criteria are satisfied:

Types of LLP Agreements

Many people believe that one set of LLP agreements suit all combinations of the LLP. This is wrong; an LLP agreement shall be selected based on the requirements of each case.

Income Tax: Registrations & Compliance by Company and LLP

Income tax is a direct tax collected by the Central Government and is levied on all income other than agricultural income on a person liable to pay such tax. Company / LLP is a separate person different from its owners and income of company is taxed ..

Intellectual Property Rights

Intellectual Property Right (IPR) refers to creative outputs of mankind such as names and images, inventions, literary and artistic works, designs and symbols used in business. Intellectual Property Right is protected by Law.