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Status of an llp

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(Querist)
06 August 2014 what is the status of an LLP.. is it a company or a partnership firm
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
07 August 2014 Its neither Company nor Partnership though its in the mould of partnership. It has a separate status LLP and it is governed by a separate act, LLP Act 2008.
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Rupesh Jain

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Rupesh Jain (Expert)
07 August 2014 IT PARTNERSHIP BUT MODIFIED FORM OF partnership
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