Business Studies, asked by mehta0605, 8 months ago

what is the difference between LLP & OPC

Answers

Answered by jisoo86

Explanation:

An OPC is effectively a company that has only one shareholder as its member. A Limited Liability Partnership is the form of the business where minimum two members are required and there is no limit on the maximum number of members. The liability of the members of an LLP is limited

Answered by khandelwalvivek

Answer:

OPC stands for One Person Company, and LLP stands for Limited Liability Partnership.

The concept of LLP is a modern form of Partnership firm with the advanced features of the company. The Limited Liability Partnership is governed by the Limited Liability Partnership Act 2008, which state any corporate and incorporate body establishes under this act is limited liability partnership.

On the other hand, the One Person Company is a new concept introduced under the Companies Act 2013[1]. According to section 2(62) of the act states when one person is a member, it will be one person company. The advantage of OPC is it’s a company run by a single person.

Hope this helps...if you like it, then rate this as brainliest

Explanation:

Previous Question

Next Question

Similar questions

English, 4 months ago

write a letter to the principal of your school asking him to grant you leave for 7 days do that you may visit your grandmother who is seriously ill in your native place...

Social Sciences, 4 months ago

Define Justice and Equality?

English, 4 months ago

1.Some analysts suggest that someday there ____ a major conflict over water if resources ____ more rationally. a.would be/have not been used b.has been/were not been used c.was/did not use d.Had been/will not be used e.will be/are not be used...

Social Sciences, 8 months ago