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Whether an entity which has objectives like “charitable or other not for profit objectives” would be able to set up under LLP Act?

QuestionsCategory: Company LawWhether an entity which has objectives like “charitable or other not for profit objectives” would be able to set up under LLP Act?
anamikashah Staff asked 2 years ago

Whether an entity which has objectives like “charitable or other not for profit objectives” would be able to set up under LLP Act?

1 Answers
Lavish Dey Staff answered 2 years ago

No. The essential requirement for setting LLP is ‘carrying on a lawful business with a view to profit’.