LIMITED LIABILITY PARTNERSHIP
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A limited liability Partnership is a partnership in which some or all partners have limited liabilities. It therefore can exhibit elements of partnership and corporations .In a LLP ,each partner is not responsible or liable for Another partner misconduct or Negligence.
Incorporating LLP has a blend of the benefit of a company and a partnership firm namely. IT has limited liability feature of the company and a flexibility of the partnership firm. LLP form of organization is usually preferred by professionals ,Micro and small business that a family owned or closely held.
HINDUSTAN TAX SOLUTION
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