Question

Difference between a limited liability partnership and a joint stock company

Answer 1

Answer:

A basic difference between an LLP and a joint stock company lies in that the internal governance structure of a company is regulated by statute (i.e. Companies Act, 1956) whereas for an LLP it would be by a contractual agreement between partners

Answer 2

DIFFERENCES BETWEEN A JOINT STOCK COMPANY AND A LIMITED LIABILITY COMPANY. ... A Joint Stock Company is managed by its board of directors. A limited Liability Company does not have a board of directors but is managed instead by its manager or board of managers.