Limited Liability Partnership (LLP) Learning Outcomes

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5 Questions

Explain the meaning of Limited Liability Partnership and its need, features, and advantages.

What are the differences between a Limited Liability Partnership and other forms of organization?

What are the characteristics of Limited Liability Partnership (LLP)?

When was the Limited Liability Partnership Act, 2008 passed and enforced?

How many sections and schedules does the LLP Act, 2008 have?

Description

This unit focuses on the understanding of Limited Liability Partnership (LLP) including its meaning, advantages, incorporation, and differences with other forms of organization. By studying this unit, learners will be able to grasp the concept, need, and features of LLP as well as differentiate it from other forms of business organizations.

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