Changes In Limited Liability Partnership
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Changes In LLP (Limited Liability Partnership)
Agreement of the LLP is similar to Memorandum of Association and Articles of Association of a company. In the agreement, the nature of business activities, rights, duties are mentioned.
An LLP can be closed if it should not commence business or is not involved in business activity for the last year. The closing application needs to be listed with all the firm's mutual consent within 30 days of its passing.