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What is UNIT 5 BL about?

The Limited Liability Partnership (LLP) Act, 2008 establishes a hybrid business structure in India that combines the benefits of limited liability for partners with the flexibility of a traditional partnership. Key features of an LLP include its status as a separate legal entity, perpetual succession, and limited liability for partners, while also requiring a minimum of two designated partners for compliance. The document also outlines the incorporation process, the importance of the LLP agreement, and the

Author

cherry846207

Language

EN