Open a LLP solely for trading

General
1

Can one open a LLP with the sole purpose/objective of trading where only the partners use their own money for trading and the money is not lent out to anyone ?

4 Likes
2

Yes, you can. Your deed will have to mention the trading clause clearly.

3 Likes
3

What are tax reputations.

4

Hi, @VenuMadhav could you suggest procedures?

Thank You

5

Sorry, what procedures do you want me to suggest? If its about how to setup an LLP, I suggest you contact a Chartered Accountant.

6

Great!

Thanks @VenuMadhav