LLP Full Form & Meaning 

by Anita Fating
LLP Full Form

Do you interested in learning the LLP full form? If yes, then you are very lucky because here I also giving the full form of the LLP and its meaning in all possible fields. Some people from you may be thought as, why we have to learn this? So, for such people, I want to tell them that the LLP term is popularly being used in banking, maths, income tax, company, etc. Therefore, learning the full form and meaning of the LLP term is significant and useful. Now it’s time to understand the meaning of the LLP term and to find an answer to what is the LLP full form? 

LLP Full Form

The full form of the LLP is the Limited Liability Partnership 

L – Limited 

L – Liability 

P – Partnership 

LLP Full Form

The LLP is an abbreviation of the Limited Liability Partnership it is used after the company name like we use Pvt. Ltd for some companies similarly some company uses LLP after the company name. But you may think why LLP used after the company name? Then I will tell you, the suffix LLP after the company name suggest that this corporation or company is a legal business.

LLP Full Form In Company

The full form of the LLP in the company is the Limited Liability Partnership 

L – Limited 

L – Liability 

P – Partnership 

LLP Full Form In Company

In the company, the LLP term is used after the name of the company like Pvt. Ltd and it stands for the Limited Liability Partnership. In an LLP, each partner is not responsible for another partner’s misconduct, and each partner is the owner and manager here.

LLP Full Form In Oil

The full form of the LLP in oil is the Liquid Paraffin oiL

L – Liquid 

L – oiL

P – Paraffin 

LLP Full Form In Oil

LLP Full Form In Banking

The full form of the LLP in banking is the Limited Liability Partnership 

L – Limited 

L – Liability 

P – Partnership 

LLP Full Form In Banking

LLP Full Form In Pregnency

The full form of the LLP in pregnancy is the Low Lying Placenta 

L – Low 

L – Lying 

P – Placenta 

LLP Full Form In Pregnency

In the pregnancy, the LLP refers to the Low Lying Placenta, which is a condition during the last month of pregnancy due to the placenta covers all or part of the cervix. In such a condition, the doctor recommends complete bed rest to pregnant women. 

LLP Full Form In Income Tax

The full form of the LLP in the income tax is the Limited Liability Partnership 

L – Limited 

L – Liability 

P – Partnership 

LLP Full Form In Income Tax

In the income tax department, the LLP means the Limited Liability Partnership, and it is responsible to pay income tax to the government at a flat rate of 30% on its total income.  

LLP Full Form In Law

The full form of the LLP in law is the Limited Liability Partnership 

L – Limited 

L – Liability 

P – Partnership 

LLP Full Form In Law

LLP Stands For

The LLP stands for the Limited Liability Partnership 

L – Limited 

L – Liability 

P – Partnership 

Read Also: KFC Full Form & Meaning 

FAQ

Which Is Better Pvt Ltd Or LLP?

The LLP means Limited Liability Partnership is better than the Pvt. Ltd company because of following some points 

  • The incorporation fee of LLP is less than that of the Pvt Ltd company. 
  • The LLP offers limited liability and tax advantages
  • Unlimited patterns can participate to start the LLP company 
  • The LLP is quite easy to start and maintain that Pvt Ltd. 
  • In the LLP each partner is not responsible for another partner’s misconduct or negligence.

What Is The Difference Between LLP And Ltd Company?

The main difference between the LLP and Pvt Ltd companies is, The LLP only has members but the Pvt Ltd has Directors and Shareholders.  

What Is An LLP In India?

In India, the LLP means the Limited Liability Partnership and it is a  company or corporation that gives the benefits of limited liability of a company. It is started by more than one partner and each partner is not liable to another partner’s misconduct or negligence.

Read Also: EOD Full Form & Meaning 

Conclusion

Above we have studied the LLP term in the form of the full form and their meanings in all possible ways. The LLP mainly refers to the business or company and it stands for the Limited Liability Partners. If you want to start your own business but don’t have enough balance then you can start the LLP in partnership with other people. And in the LLP, there is no restriction on the number of partners, therefore you can start LLP with multiple partners. May this article turns into a useful thing for you and give you the LLP full form in a proper way. 

 

Hope we have covered all your queries regarding :

What is the Full Form of LLP?

Full Form of LLP

LLP Fullform

Fullform of LLP

LLP stands for

What does LLP stand for

What is the LLP abbreviation of

What does LLP mean

LLP is a short form of

Long Form of LLP

What is the short form of a Limited Liability Partnership?

What is the long-form of LLP?

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LLP is an Acronym of

LLP is shortened Form of

What is LLP full form?

LLP Full Form

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