13 July 2021
Limited Liability Partnership is a partnership where some or all partners have limited liabilities which may depend on the jurisdiction. It is basically the combination of advantageous features of both partnership and company form of organisation. LLP has introduced in India via Limited Liability Partnership Act, 2008.
13 July 2021
Not right, It's a partnership not a company. It may be a body corporate but not a company. The classification is non company. All the entities not registered under companies act is non company.
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