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The Limited Liability Partnership (LLP) Act 2008 provides entrepreneurs and professionals with the benefits of limited liability while allowing flexibility in internal structure. What is the primary purpose of LLP?a)To offer tax benefits to large corporations.b)To provide unlimited liability to partners.c)To create a business vehicle with perpetual succession.d)To replace traditional partnership structures completely.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about The Limited Liability Partnership (LLP) Act 2008 provides entrepreneurs and professionals with the benefits of limited liability while allowing flexibility in internal structure. What is the primary purpose of LLP?a)To offer tax benefits to large corporations.b)To provide unlimited liability to partners.c)To create a business vehicle with perpetual succession.d)To replace traditional partnership structures completely.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The Limited Liability Partnership (LLP) Act 2008 provides entrepreneurs and professionals with the benefits of limited liability while allowing flexibility in internal structure. What is the primary purpose of LLP?a)To offer tax benefits to large corporations.b)To provide unlimited liability to partners.c)To create a business vehicle with perpetual succession.d)To replace traditional partnership structures completely.Correct answer is option 'C'. Can you explain this answer?.

Solutions for The Limited Liability Partnership (LLP) Act 2008 provides entrepreneurs and professionals with the benefits of limited liability while allowing flexibility in internal structure. What is the primary purpose of LLP?a)To offer tax benefits to large corporations.b)To provide unlimited liability to partners.c)To create a business vehicle with perpetual succession.d)To replace traditional partnership structures completely.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.

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