-Added by nisha sheikhAccountancy » Accounting For Partnership Firms: Fundamentals
Answer by: nisha sheikh
Benefits of LLP:
It is more flexible as compared to a company to organise internal structure.
There is no maximum limit for the number of partners in LLP. In a private limited company, number of shareholders is limited to 200 shareholders excluding past and present employee shareholders.
Raising and utilisation of funds depends on the partner' will as against norms precribed in the Companies Act, 2013 as applicable to companies.
-Answered by nisha sheikh On 07 October 2020:11:23:49 AM(20871Average Rating Based on rating)
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