Common Contracts
1 similar Limited Liability contracts
Limited liability partnership agreement template malaysiaLimited Liability • January 7th, 2022
An LLP agreement is an agreement between two or more individuals or companies that wish to manage and manage a business together to make a profit. A limited liability partnership LLP is a form of alternative business that offers the benefits of limited liability of a company and the flexibility of a partnership. In an LLP, several partners are able to work together (unlike a single owner). However, the LLP is a separate legal entity, it is responsible to the full extent of its assets, but the responsibility of the partners is limited to their agreed contribution in the LLP, unlike a partnership that is not a separate entity from the partners and is documented through a partnership action. If the partnership assumes responsibility, the partners are personally responsible. The LLP can continue to exist regardless of changes in partners. He is able to sign contracts and hold property in his name. Moreover, no partner is responsible because of the independent or unauthorized actions of oth
