tax-law corporate-law partnership
Can loss sharing ratio of all the partners in the LLP&#160;be&#160;kept&#160;0%?
<p>L.L.P. stands for Limited Liability Partnership.
Profit and Loss sharing ratio &amp; relevant details.</p>

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<blockquote>
<p>Can loss sharing ratio of all the partners in the LLP be kept 0%?</p>
</blockquote>
<p>No.</p>
<p>The profit and loss sharing ratio of all of the partners combined (for tax purposes) needs to add up to 100% of the profits and losses in every tax year.</p>
