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Question

LLP can raise funds from public.

A
True
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B
False
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C
Partly true
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D
None of above
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Solution

The correct option is C False
False.
LLP stands for Limited liability partnership which refers to a company form of business where the only the partners contribute in the capital and their liability remains limited to the extent of their capital contribution in the business. Therefore, LLP cannot raise funds from public in any form.

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