Question

Which of the following is/are advantage of LLP?

• A. Perpetual existence
• B. Internationally renowned from of business in comparison to Company
• C. No requirement of minimum capital contribution
• D. All of above

Answer 1

The correct option is D All of above

Limited liability partnership is a mix of both partnership and corporation. It has the feature of both these forms. The following are the advantages of the LLP:

1. No minimum capital requirement.

2. No limit on owners of business.

3. Lower Registration Cost, etc.

Thus the correct answer is D.