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 flexibility in terms of ownership, management, and taxation. It is a popular choice for professionals and small to medium-sized businesses seeking the benefits of limited liability and partnership structure. It is a structured business.
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