Business Studies, asked by manavjaintherop2r4ky, 11 hours ago

What is limited liability partnership

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Answered by amit0704sah
2

Answer:

limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities. It therefore can exhibit elements of partnerships and corporations. In an LLP, each partner is not responsible or liable for another partner's misconduct or negligence.

Explanation:

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Answered by Anonymous
0

Answer:

LLP refers to the process,in which the liability of the partners is limited

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