EBC Learning Course on Limited Liability Partnership (LLP)
Law Course Online

Businesses are typically structured and organised in different forms depending on factors like size, scalability, objectives, area of operations etc. Entrepreneurs and professionals who wish to establish their entities look for business structures that are commercially efficient, flexible and at the same time not very cumbersome on legal and regulatory compliances. One such corporate structure that is suited to such a business environment is Limited Liability Partnership.

The topics covered in this course include nature and characteristics of LLP, procedure for incorporation, LLP Agreement, legal compliance for LLP, designated partners, appointment of partners, their rights and duties and cessation of LLP. The course is updated with the latest amendments to the LLP Act, brought about in 2021.

1. Introduction
1.1 Introduction
1.2 History of LLP

2. Nature and characteristics of LLP
I. Relevant sections
2.1 Nature and characteristics of LLP
2.2 Designated partners and partners
2.3 Advantages and disadvantages of LLP
2.4 Distinction between LLP and other forms of entities
II. Exercises
III. Examination pointers

3. Incorporation of LLP
I. Relevant sections
3.1 Incorporation of LLP
3.2 Foreign LLP
II. Exercises

4. LLP Agreement
I. Relevant sections
4.1 LLP Agreement
II. Exercises
III. Examination pointers

5. Partners and their relations
I. Relevant sections
5.1 Partners and their relations
II. Exercises
III. Examination pointers

6. Contributions
I. Relevant sections
6.1 Contributions
II. Exercises

7. Financial disclosures
I. Relevant sections
7.1 Financial disclosures
II. Exercises

8. Investigation of LLP
I. Relevant sections
8.1 Investigation of LLP
II. Exercises

9. Conversion of partnership and company into LLP and vice versa
I. Relevant sections
9.1 Conversion of partnership in LLP
9.2 Conversion of a company to LLP
II. Exercises
III. Examination pointers

10. Restructuring of LLP
I. Relevant sections
10.1 Restructuring of LLP
10.2 Facilitation of reconstruction or amalgamation of LLP
II. Exercises
III. Examination pointers

11. Winding up and dissolution of LLP
I. Relevant sections
11.1 Removal of name from the register of LLP
11.2 Voluntary winding up
11.3 Winding up by Tribunal
II. Exercises

12. Important amendments to the LLP Act
12.1 Important amendments to the LLP Act