Question
Which of the following featuresĀ is not found in an
LLP?Solution
LLP Act Section 3. Limited liability partnership to be body corporateā(1) A limited liability partnership is a body corporate formed and incorporated under this Act and is a legal entity separate from that of its partners.Ā (2) A limited liability partnership shall have perpetual succession. (3) Any change in the partners of a limited liability partnership shall not affect the existence, rights or liabilities of the limited liability partnership
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