Accountancy, asked by dpdp72259, 7 months ago

Difference between ordinary paetner ship firm and LLP.

Answers

Answered by khushi02022010

17

Answer:

LLP is also a form of partnership, where the liability of partners is limited as well as any partner will not be held liable for the acts of other partners. General Partnership, on the other hand, brings unlimited liabilities to the partners concerned and so they are jointly or severally liable for the debts.

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