alleryStart learning →Which of these is part of the definition of 'business' under the LLP Act?
AOccupation
BHobby
CCharity
DGift
Answer & Solution
Correct answer: A. Occupation
The Act defines business to include every trade, profession, service and occupation.
Keep practising II LLP Act 2008 including important Rules
Browse all II LLP Act 2008 including important Rules questions for CA Inter, or explore more Law topics.
Related questions
A retiring partner is entitled to what capital, unless agreed?A pre-incorporation agreement binds the LLP only if what?From which assets are an LLP's liabilities met?Before becoming a designated partner, an individual must give what to the LLP?When all partners are bodies corporate, who act as designated partners?What is the position of an LLP regarding a common seal?When does a change in an LLP's registered office take effect?Which fundraising route is unavailable to an LLP?