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Limited Liability Partnership

MCA / ROC Filings 1343 views 3 replies

Is there any difference between Limited liablity partnership & partnership?

leaving these two areas

1. In LLP count of members can exceed 20.

2. Overiding principle of " Partners are liable jointly & severally"

 

 

Replies (3)

LLP has to file returns with ROC and in partnership no return with ROC.

 

i ask 1 question ,why llp is introduse in now and what diff between company or llp?

hope this article will answer all your queries regarding LLPs.


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