Introduction In the context of a Limited Liability Partnership (LLP), the liability of partners is a critical aspect to consider. While the term “limited liability” implies a certain level of…
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Define designated partner ?
Introduction A designated partner is a term used in the context of a Limited Liability Partnership (LLP) structure. In an LLP, there are two types of partners – designated partners…
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Understanding Designated Partner Liability Myths and What You Need to Know
Introduction : Designated partner(DP) liability responsibility is one of the most difficult and misunderstood factors of forming an accounting firm. Many newly minted CPA company proprietors are cautious of this…
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