LLP vs. Company LLP vs. Company: An LLP (Limited Liability Partnership) and a company represent distinct legal business structures, showcasing prominent dissimilarities. Here are some of the main differences between an LLP vs. Company: Legal Structure: An LLP is a partnership where the partners have limited liability, meaning their personal assets generally do not… Read More »
What is the Liability of LLP? Introduction Limited Liability Partnership (LLP) is a popular business structure that combines the flexibility of a partnership with the benefits of limited liability protection. Over the years, LLPs have gained significant traction among businesses due to their unique structure, which allows partners to manage the business directly while limiting… Read More »
LLP is partnership firm A Limited Liability Partnership represents a distinct type of partnership entity. It combines features of both partnerships and companies, providing the advantages of limited liability to its partners. In a traditional partnership firm, the partners have unlimited personal liability for the debts and obligations of the firm.… Read More »
