alleryStart learning →In law, an LLP is best described as which kind of entity?
AA separate legal body corporate
BAn unincorporated association
CA sole proprietorship
DA joint family business
Answer & Solution
Correct answer: A. A separate legal body corporate
Registration makes the LLP a body corporate with its own legal identity apart from its partners.
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Related questions
A pre-incorporation agreement binds the LLP only if ratified by whom?Before becoming a designated partner, an individual must give what?Who signs the notices of change that an LLP files with the Registrar?A partner's liability in an LLP is limited to what?An LLP is best described as a hybrid of which two forms?On which date was the first Indian LLP incorporated?What minimum capital is required to form an LLP?An LLP is incorporated on 15 November 2023. Its first financial year may be extended up to