LLP is a body corporate Certainly! An LLP is recognized as an independent legal entity and is categorized as a corporate body. This means that an LLP has its own legal existence independent of its partners. One notable characteristic of an LLP is its independent legal existence, which allows it to establish contractual relationships, hold… Read More »
Firm vs Company Firm vs Company: An LLP (Limited Liability Partnership) is a type of business entity that that blends the adaptable qualities of a partnership with the limited liability protection of a company. An LLP does not regard as a firm or a company from a legal standpoint. It is a separate legal entity… Read More »
An Limited Liability Partnership An LLP is a legal business structure that combines the features of a partnership and a corporation. It provides limited liability protection to its partners while allowing them to actively participate in the management of the business. An LLP is a separate legal entity, distinct from its partners, and it offers… Read More »