The partners and consumers as well as competitors refer the LLP by its name. Here, name plays a very important role in creating and establishing the significance of its main object in the Market. LLP being a separate legal entity, its identity is very different from its partners and it holds a distinct position in its own name. A name with some uniqueness and relation with major activities will always assist you with a benefit of establishing a very sound position in the mind of consumers and opponents. Therefore, for easy understanding a name should made up of three components i.e. 1. Your brand; 2. Main business activity; 3. Constitution.
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