Tag Archives: #LLPRiskManagement

How LLP is different from partnership?

Partnership Firm And Limited Liability Partnership

LLP is different from partnership   LLP is different from partnership: An LLP (Limited Liability Partnership) and a general partnership have some key differences that distinguish them as distinct business structures. Here are the main differences which explain how LLP is different from partnership: 1.Liability: In a general partnership, all partners have unlimited personal liability… Read More »

LLP and LLC Difference?

LLP and LLC difference

LLP and LLC Difference   Here are the key distinctions: 1. Structure: An LLP is a partnership where the partners have limited liability, similar to an LLC. However, an LLP also retains some characteristics of a traditional partnership, such as flexibility in management and the ability for partners to actively participate in the business’s operations.… Read More »