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Question
An LLP has partners unlike a company which has shareholders.
An LLP has partners unlike a company which has shareholders.
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Solution
The correct option is A True
A LLP has partners unlike a company which has shareholders- this is a true statement. Limited Liability Partnership can
be
defined as form of partnership where the partner or investor's liability
is limited to the amount invested in the company. LLP combines the
advantages of both the Company and Partnership into a single form of
organization.
A LLP has partners unlike a company which has shareholders- this is a true statement. Limited Liability Partnership can be defined as form of partnership where the partner or investor's liability is limited to the amount invested in the company. LLP combines the advantages of both the Company and Partnership into a single form of organization.
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