LLP Act

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ThriftyConnemara9445
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What is the main focus of the Limited Liability Partnership Act, 2008?

Incorporation, partners and their relations, financial disclosures, conversions, winding up and dissolution

When was the Limited Liability Partnership Bill passed by the Parliament?

12th December, 2008

What is a key advantage of a Limited Liability Partnership (LLP)?

Limited liability for the partners

What did the Ministry of Law and Justice notify on 9th January 2007?

The Limited Liability Partnership Act, 2008

What does the Limited Liability Partnership Act, 2008 differentiate between?

Limited Liability Partnership and other forms of organization

What is the main focus of the Limited Liability Partnership Act, 2008?

Incorporation of LLP and its financial disclosures

What is a key advantage of a Limited Liability Partnership (LLP)?

Limited liability for partners' debts

When was the Limited Liability Partnership Bill passed by the Parliament?

12th December, 2008

What does the Limited Liability Partnership Act, 2008 differentiate between?

Limited Liability Partnership and other forms of organisation

What did the Ministry of Law and Justice notify on 9th January 2007?

The Limited Liability Partnership Act, 2008

Test your knowledge of the Limited Liability Partnership Act, 2008 with this quiz. Assess your understanding of the meaning, incorporation, partners' relations, financial disclosures, conversions, winding up, and dissolution of LLPs. Differentiate between 'Limited Liability Partnership' and other business structures.

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