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What is a Limited Liability Partnership (LLP)?

The only disadvantage of forming a LLP is that it cannot come out with its IPO and Raise Money from the Public which a Company form of organisation can easily do. Difference between LLP & Traditional Partnership Firm. The basic difference between LLP and Partnership is ……

Difference Between LLC and LLP LegalZoom

LLP Definition. What is an LLP? An LLP is a general partnership formed by two or more owners – referred to as partners – and the LLP definition is similar to that of an LLC. It is a cross between a corporation and a partnership, and the partners enjoy some limited personal liability. Professional businesses are commonly organized as an LLP.…