Q. Can a company set up a fully owned new LLP. (First partner being company and 2nd partner also being nominee of company, thus 100% owned by Company) just like we set up a 100% subsidiary.

224 views
Question added Mar 19 Corporate Matters/LLP By SUBODH KUMAR JAIN, CA, NEW DELHI
Can a company set up a fully owned new LLP. (First partner being company and 2nd partner also being nominee of company, thus 100% owned by Company) just like we set up a 100% subsidiary.

1 Answer

0 likes
answered Mar 21 By CA PRAMOD JAIN, CA, CS, CMA, LL.B, Delhi
Under LLP.. there has to be 2 partners..bit cannot be 100% ownership of single person.

Concept by CA Pramod Jain

Experts Panelist

  • CA Virander Kumar Chauhan Goods and Services Tax (GST) Answers Posted : 9148
  • CA PRAMOD JAIN Audit and Accounting Standards, Corporate Matters/LLP, Goods and Services Tax (GST), Income Tax, Ind AS, Insolvency and Bankruptcy Code, RBI / FEMA, SEBI, International Taxation , Transfer Pricing, Benami Property Law, Bank / Insurance / Stock / Debtors Audit, Internal Audit, Code of Ethics, ICAI, Miscellaneous, Investment & Finance, Valuations Answers Posted : 8649
  • CA Raman Khatuwala Goods and Services Tax (GST) Answers Posted : 3808
  • CS Divesh Goyal Corporate Matters/LLP, Insolvency and Bankruptcy Code Answers Posted : 1815
  • CA Prakhar Bansal Audit and Accounting Standards, Corporate Matters/LLP, Goods and Services Tax (GST), Income Tax, Bank / Insurance / Stock / Debtors Audit, Code of Ethics Answers Posted : 1424
  • CA MANOJ PAHWA Goods and Services Tax (GST), Income Tax, Insolvency and Bankruptcy Code, RBI / FEMA, International Taxation , Transfer Pricing, Benami Property Law, Bank / Insurance / Stock / Debtors Audit, Miscellaneous Answers Posted : 1297
  • CA CA. RAJESH KUMAR KHANDELWAL Goods and Services Tax (GST), Income Tax, Bank / Insurance / Stock / Debtors Audit, Valuations Answers Posted : 1210
  • CA PRAVEEN SHARMA 9871530610 Goods and Services Tax (GST) Answers Posted : 1101
  • CA ASHU GARG Goods and Services Tax (GST) Answers Posted : 959
  • CA Rajesh Saluja Goods and Services Tax (GST) Answers Posted : 823
  • View more

30,051 questions

36,104 answers

123 experts

9,722 querist

...