Section 14 of LLP Act, 2008 : Section 14: Effect Of Registration

Explanation using Example

Imagine that "Tech Innovations LLP" is a registered limited liability partnership that specializes in software development. After registration under The Limited Liability Partnership Act, 2008, here's how Section 14 might apply:

• (a) If a client refuses to pay for a software solution provided, "Tech Innovations LLP" can file a lawsuit against the client to recover the payment.
• (b) "Tech Innovations LLP" can purchase office space and equipment, and also has the right to sell such property if it decides to downsize or upgrade its facilities.
• (c) If the partners decide to create a brand identity, they can adopt a common seal that can be affixed to official documents as a sign of authentication.
• (d) "Tech Innovations LLP" can enter into contracts with vendors, hire employees, and perform other lawful activities that corporations are allowed to engage in.