Partnership

Difference Between Partnership and Limited Liability Partnership (LLP)

Difference Between Partnership and Limited Liability Partnership (LLP)

General Partnership, on the other hand, brings unlimited liabilities to the partners concerned and so they are jointly or severally liable for the debts.
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Comparison Chart.

Basis for ComparisonPartnershipLimited Liability Partnership (LLP)
LiabilityUnlimitedLimited to capital contribution, except in case of fraud.
•11 нояб. 2017 г.

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