write down the silent feature of LLP
Answers
Answer:
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.
They have the organisational flexibility of a partnership.
Any agreement (“LLP agreement”) between the Members governing the operation of the LLP is a private document which is confidential to the Members.
They must have at least two “designated” Members.
Their “trading disclosure” requirements are similar to those of a company.
They must be registered at Companies House.
Their accounting and filing requirements are similar to those of a company.
They have the ability to create floating charges.
Explanation:
Here are some features of LLP:-
=> It Consider as legal entity from their Members.
=> The benefit of limited liability to their Members.
=> Consider as texas as a partnership.