LLP can raise funds from public.

True

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False

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Partly true

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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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Similar questions

Private companies cannot raise funds from the public.

State and explain briefly the steps required to raise funds from the public.

What steps are required for raising funds from the public ?

State and explain the six steps required to raise funds from the public i.e., capital subscription by the company.

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