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CAN LLP RAISE MONEY AS DONATIONS?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

CAN LLP RAISE MONEY AS DONATIONS?

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2 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

LLP is a profit based organisation Donations are always for not for profit organisation In order to accept donation you must be registered as Not for profit organisation u/s 8 of the companies act LLP cannot raise money in the form of donation.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

**LLP AND DONATIONS** Hi , LLP is a profit based organisation Donations are always for not for profit organisation In order to accept donation you must be registered as Not for profit organisation u/s 8 of the companies act LLP cannot raise money in the form of donation. It works for profit , Thanks**

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