Question

When was first LLP introduced?

Answer 1

Answer:

53A.5 The United States creates the first LLP

In 1991 Texas introduced the concept of a limited liability partnership (LLP). The concept was popular and the majority of US states eventually passed LLP legislation

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Explanation:

Answer 2

Answer:

Limited Liability Partnership is constituted under Limited Liability Partnership Act, 2008

This act came into effect on 31st March 2009