-Added by nisha sheikhAccountancy » Accounting For Partnership Firms: Fundamentals
Answer by: nisha sheikh
Disadvantages of LLP:
Any act of the partner without the knowledge of other partners may bind the LLP.
LLP cannot raise money from the public.
Venture capital firms generally prefer not to invest in LLPs. Private Limited is preferred over LLP.
-Answered by nisha sheikh On 07 October 2020:11:16:27 AM(20870Average Rating Based on rating)
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