Improper use of Limited Liability Partnership designation triggers penal fine where entity is not duly incorporated. Unauthorised use of the designation Limited Liability Partnership or the abbreviation LLP as the last word(s) of a business name is prohibited unless the ... Summary
Improper use of Limited Liability Partnership designation triggers penal fine where entity is not duly incorporated.
Unauthorised use of the designation Limited Liability Partnership or the abbreviation LLP as the last word(s) of a business name is prohibited unless the business is duly incorporated as a limited liability partnership; persons using those restricted words without incorporation shall be punishable by a prescribed monetary fine within the statutory minimum and maximum limits.
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