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LLP and partnership

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(Querist)
08 January 2011 What is the difference b//w LLP and Partnership with unlimited liability. What should be preferred
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
09 January 2011 In LLP - partner liability is limited , However incase of Unlimited there is no restriction on laibility.

In case of LLP, certian provisions has to be followed.

I think now days LLP is good idea.

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