Question

Difference between ordinary paetner ship firm and LLP in 5 points.


Plzzz give answer in points. ​

Answer 1

Answer:

One of the main difference between LLP and Partnership is about the liability of Partners. Since the partner and the firm is considered as a separate legal entity. Hence, the liability of the partners is limited to the amount invested in the company. Minimum 2 and no upper limit for maximum number of partners in LLP.

Explanation:

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Answer 2

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One of the main difference between LLP and Partnership is about the liability of Partners. Since the partner and the firm is considered as a separate legal entity. Hence, the liability of the partners is limited to the amount invested in the company. Minimum 2 and no upper limit for maximum number of partners in LLP.

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