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No requirement of compulsory audit: All the companies, whether private or public, irrespective of their share capital, are required to get their accounts audited. But in case of Limited liability partnership (LLP), there is no such mandatory requirement. A limited liability partnership is required to get the audit done only if:
bmc provided the following services: Audit (including IT Audit and Employee Benefits), Tax Consulting and Form Preparation, and Business Consulting. The firm also had a sister organization, bmc Financial Advisors, which, while technically a separate entity, worked closely with the larger accounting organization.
An advisory board is a body that provides non-binding strategic advice to the management of a corporation, organization, or foundation.The informal nature of an advisory board gives greater flexibility in structure and management compared to the board of directors.
A partnership is a form of business that has more than one owner. A limited liability partnership (LLP) incorporates some elements of a corporation and some elements of a partnership. An LLP ...
LLP (Limited liability partnership): partnerships are governed on a state-by-state basis in Australia. In Queensland, a limited liability partnership is composed of at least one general partner and one limited partner. It is thus similar to what is called a limited partnership in many countries.
Under this form, debts of a limited liability limited partnership are solely the responsibility of the partnership, thereby removing general-partner liability for partnership obligations. This change was made in response to the common practice of naming a limited-liability entity as a 1% general partner that controlled the limited partnership ...
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