Question

explain the salient features of limited liability partnership act, 2008​

Answer 1

Explanation:

Salient features of LLP as per LLP Act, 2008:

LLP is a body corporate and as a result has legal entity separate from that of its partners. iii. LLP has perpetual succession. In other words, LLP's existence is not affected by death, bankruptcy, insanity and change in membership.

Answer 2

Answer:

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LLP is a body corporate and as a result has legal entity separate from that of its partners. iii. LLP has perpetual succession. In other words, LLP's existence is not affected by death, bankruptcy, insanity and change in membership.