Sociology, asked by kksanthoshdr2508, 11 months ago

Discuss the characteristics and advantages of Limited Liability Partnership (LLP).

Answers

Answered by MGNLoud
2

Some of the key features of LLPs are: They are a separate legal entity from their Members. They have the benefit of limited liability for their Members. They are taxed as a partnership. On incorporation it will be issued with a unique registration number by Companies House, in the same way as a limited company.

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