Logically u r correct. But these days after so much of loan default cases, none of the bank gives loan without personal guarantee. In spite of being a Ltd company, After signing personal guarantee, all the assets of promotors are at stake. Even I'm a victim of that..
Types of limited liability company 1. Private limited 2. Public limited 3. One person company 1. LLC , limited liability company Types of unlimited liability company 1. Propritership firm 2. Partnership firm 3. General partnership firm 4. Unlimited liability partnership
@@swapyworld09 banks don't give loan to the company unless directors personally guarantee the loan nowadays. Banks can come after directors personally if personal guarantee is given
Din bhar mobile per timepaas karne ke baad last me ek choti si LLA ki video dekh ker pura waste time ek kimti time me badal jata matlab kuch na kuch sikhne ko jaroor milta Thanks to LLA
😑say that again after listening the compliance cost of Companies .... Ek chota sa short dekh ke comment karke kuch nahi hoga, even 11th standard commerce kids know the content of this video.
Limited Liability Partnership(LLP) In which registration is compulsory and in which one partner has unlimited Liability and remaining other members have limited liability but the partner which has unlimited liability plays major role in decsion making. THANK YOU FOR READING😀😀
Company directors have to give personal guarantee in most of the cases Even the banks are also aware of this law and hence they ensure all precautions before giving loan.
Ok incomplete information Directors personal assets can be attatched if the funds were used to acquire those assets Moreover income tax as well as gst can create a charge over director person assets Only safety for director is - shareholder is not a director.
But when company apply for a loan then any bank will ask for assets of directors of the company as a guarantee.... So from that perspective, bank has right to ask the directors of company to repay the amount in case of default Ps: This is my view and please correct me if I'm wrong!
A limited partnership is a form of partnership similar to a general partnership except that while a general partnership must have at least two general partners, a limited partnership must have at least one GP
Bhai for your kind information, banks take both corporate guarantee and personal guarantee to secure it's loan.. kindly go deep.. limited liability is a myth my friend for this very reason..
I am in GST Department and we can't attach and sold personal property of any director of private limited company as per law. This law is being misused very highly and should be removed by Govt.
Important Link: link.labourlawadvisor.in/shorts
COURSES: labourlawadvisor.in/link/LPTI
DEMAT ACCOUNT: link.labourlawadvisor.in/demat
QuickPayroll: quickpayroll.in/
LLP
limited liability partnership (LLP)
LLP
Sole proprietorship firm
Private or limited
Par koi video
Limited liability partnership (LLP)
Are you a Teacher?
That can't be open in india
@@dilippatel3463 It is already applicable since 2008.
O sorry because i recantly read that into my bom's book
@@rishabhjaiswal1994 no, a student
LLP ( Limited Liability Partnership) Commerce students knows 😎
Yu hi aa gaya tha 1 video pe, now I'm addicted to learn more and more through LLA 💙
Same here
LLP ( LIMITED LIABILITY PARTNERSHIP ) as a COMMERCE student we know that 😎😎
Are ha pta hai yar😁😂
Science students don't know 😢
True.
I.m engineer and I know it 😂😂
Man I just want to turn back time and go take commerce instead of science 😢
Sir One video for "How to register a company? " with full guide.
Already done watch series name business basics
@@LabourLawAdvisor link
Bhaiya question ka answer = LLP (limited liability partnership)
@@faiz-lq3zw I think you thought that you can make a company seeing UA-cam videos
Refer 11 comm sp book for incorporation of company
Logically u r correct. But these days after so much of loan default cases, none of the bank gives loan without personal guarantee. In spite of being a Ltd company, After signing personal guarantee, all the assets of promotors are at stake. Even I'm a victim of that..
Sad 😢 better take loan insurance instead
Sir, one video on credit card & pay later concepts, how they effect credit score, which is more safer option.
Types of limited liability company
1. Private limited
2. Public limited
3. One person company
1. LLC , limited liability company
Types of unlimited liability company
1. Propritership firm
2. Partnership firm
3. General partnership firm
4. Unlimited liability partnership
But you know, banks usually attach partners as guarantee of the loan to Pvt Ltd firm. Bank bhi sayane ho gaye hai aajkal.
- Gurmeet Singh Kalsi
Partners as guarantee means??
@@abc-ew8tq means bank usually takes personal guarantee of all individual partners.
- Gurmeet Singh Kalsi
@@thecandidbanker1054 partners?? Or directors? As per law directors are not liable for any loan
@@swapyworld09 banks don't give loan to the company unless directors personally guarantee the loan nowadays. Banks can come after directors personally if personal guarantee is given
Personal Guarantor to the Corporate Debt.
Limited partnership one would take infinity liability and others will take limited liability 🔥🔥🔥
Limited Liability Partnership [Section 2(n)], of The Limited Liability Partnership Act, 2008 .
Aj Law par kr aya hai na
@@mudassarhossain8956 Ha Business Law
@@kishanupadhyay4057 ca ,ca , cma mai se kuch kar raha hai
@@mudassarhossain8956 CA
@@kishanupadhyay4057 chal sahi hai
Inter ??
Din bhar mobile per timepaas karne ke baad last me ek choti si LLA ki video dekh ker pura waste time ek kimti time me badal jata matlab kuch na kuch sikhne ko jaroor milta
Thanks to LLA
Hope this video is shown to as many GENIUS lawyers & CA's as possible, who keep pushing their clients to proprietorship & partnership 🤷🏻♂️
LLP bhi ek partnership hai but liability limited hai 🌚
😑say that again after listening the compliance cost of Companies .... Ek chota sa short dekh ke comment karke kuch nahi hoga, even 11th standard commerce kids know the content of this video.
Always wondered what's the meaning of limited at the end of a company's name. Thanks for the info
Limited Liability Partnership (LLP) is a type of partnership that has limited liability.
Latham and Watkins LLP is a major American Law Firm based on a partnership model and is still a limited type company.
Limited Liability Partnership. Abhi karyaa tha chapter college mien but i knew from school.
LLP is an alternative corporate business form that gives the benefits of limited liability of a company and a flexibility to partnership.
But banks are silently adding clauses that say partner or director is personally liable .
Thanku😊
Lifting of Corporate Viel : am i joke to you??
😂😂😂🤣🤣
Hahaa fraud karne se
1.Protection of revenue
2.co-enemy friend
3.to avoid a legal obligation
4.Formation of subsidiaries to act as agents:
5.Company formed for fraud
Nice info about pvt ltd
Believe me.....if you're small businessman go for LLP 🤝
Why? Can you explain please?
Apki knowledge bhut achi h plz aai hi or vedio bnaye loan related
Liability by shares , liability by guraante ( 2 tarike hote hai )
Personal guarantee of directors is also taken by bank 😂😂😂😂
Limited liability partnership 2008
LLP I'm in standard 11 so I knew it...
Good information.
Today I know why Private Limited Company
LLP- limited liability partnership. Many startups currently having this
LLP limited liability partnership abhi kal hi exam diya hai 😂 isme ek patner ki liability unlimited hogi baki sab ki limited
Thanks!
Same kal hi exam hua tha😂
@@adithyashetty2157 kis class me ho bhai ?
@@Shubhamgupta_ 12th ka topic hai
@@Terry-vl8ts nhi mai 11 me hu ch 2 me hai ye
LLP Act 2008 🤗🤗 I m ca student
Bro CA kaise karte hain
Limited Liability Partnership(LLP)
In which registration is compulsory
and in which one partner has unlimited Liability and remaining other members have limited liability but the partner which has unlimited liability plays major role in decsion making.
THANK YOU FOR READING😀😀
Valuable information
Limited liability partnership
And fir minor is a partner its liability is limited
Sir bank walo ke paas gunde bhi hote hai jo recovery ke liye bhejte hai, theory is good but practical knowledge will always surpass it anytime...
Company directors have to give personal guarantee in most of the cases
Even the banks are also aware of this law and hence they ensure all precautions before giving loan.
What an idea sirji
Limited liability partnership 2008(law)
Limited liability partnership (LLP) type of partnership in which liability of the partners is limited
Reatil investor as a Share holder of Publicly listed company has a Limited Liability.
Limited Liability Partnership Act 2008
Ok incomplete information
Directors personal assets can be attatched if the funds were used to acquire those assets
Moreover income tax as well as gst can create a charge over director person assets
Only safety for director is - shareholder is not a director.
But when company apply for a loan then any bank will ask for assets of directors of the company as a guarantee.... So from that perspective, bank has right to ask the directors of company to repay the amount in case of default
Ps: This is my view and please correct me if I'm wrong!
Its LLP (Limited Liability Partnership)
A limited partnership is a form of partnership similar to a general partnership except that while a general partnership must have at least two general partners, a limited partnership must have at least one GP
Informative
Salomon VS Salomon co. Ltd.
The Company act, 2013
Limited liability partnership act, 2008
LLP limited liability partnership which was brought recently
Good information
A video on LLP
There is something called a personal guarantee of promoters. Banks always takes the same.
1 Question please explain "Cooperative limited" too.
LLP Limited Liability of Partnership their is separate legal entity
Limited liability partnership
Started in 2008 under llp act 2008
Limited liability partnership
Corporate veil can be lifted and personal assets of directors can be used to pay off the liabilities. Corporate law students know this
This is practically impossible as banks generally takes personal guarantees from directors.
We register Companies & LLPs on regular basis
Limited clause in company act give that advantage
Corporate Veil concept whereby the company is identified separately from it members
Limited Liability Partnership, Under LLP Act, 2008.
In LLP(limited liability partnership)
Most important info, thq sir 🙏
Now Commerce students know very well
It's LLP
LLP... Limited Liability Partnership... introduced in 2008
Sir pleasure explain proprietary audit in simple terms.
Limited liabilities partnership act 2008,
But isme bhi ek partner ki liability unlimited hoti hai.
I learned 5his in 12th standard
Limited liability partnership (LLP)🙂😊
The answer is LLP( limited liability partnership)
Your and is in question itself. It is limited liability partnership LLP
Limited liability partnership act 2008 LLP ACT 2008🔥🔥🖤🖤
Limited liability parternship as per company act 2013
LLP ( ACT 2008 )
But perhaps not paying loan back can't lead to jail as it's not criminal offence. Is it right?
I am fan sir
Bhai for your kind information, banks take both corporate guarantee and personal guarantee to secure it's loan.. kindly go deep.. limited liability is a myth my friend for this very reason..
Pls make a series on perosnal finance?
Limited Liability Partnership as per Companies Act 2013
Sir have I have watched many shorts of you. You have lots of knowledge. I am thinking that what is your educational qualification??
Sir what bout OPC iske baare me bhi batayiye
Limited liability partnership incorporated under LLP act 2008
Construction com. It comp. Bpo
But Kuch cases me co. Ke shareholders bhi liable hote hai
That is called lifting of corporate veil.
These subjects are taught in class 11
Business studies
Limited liability partnership as per LLP Act 2008
Woah grt
Limited Liability Partnership As per LLP Act, 2008
Limited liability partnership (llp)
LLP registered under LLP act 2008
Limited partnership - the liability of one partner is unlimited and rest of other have limited liability
Its mean liability limited partnership
Limited clause in company act
Partners in profits
LLP😃! LLP is a type of partnership where liability of a partner is limited 👍
lifting of corporate veil mast chij hain
Joint Stock Company
Bank also takes Personal Guarantee of Promoters
Bank takes guarantee of partners in case of LLP for sanctioning Loan.
I am in GST Department and we can't attach and sold personal property of any director of private limited company as per law. This law is being misused very highly and should be removed by Govt.