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Which statement accurately distinguishes an LLP from a partnership firm?a)An LLP can have an unlimited number of partners.b)Partners in an LLP have unlimited liability.c)The death of a partner does not affect the existence of an LLP.d)The property of an LLP belongs to individual partners.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 Which statement accurately distinguishes an LLP from a partnership firm?a)An LLP can have an unlimited number of partners.b)Partners in an LLP have unlimited liability.c)The death of a partner does not affect the existence of an LLP.d)The property of an LLP belongs to individual partners.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 Which statement accurately distinguishes an LLP from a partnership firm?a)An LLP can have an unlimited number of partners.b)Partners in an LLP have unlimited liability.c)The death of a partner does not affect the existence of an LLP.d)The property of an LLP belongs to individual partners.Correct answer is option 'C'. Can you explain this answer?.

Solutions for Which statement accurately distinguishes an LLP from a partnership firm?a)An LLP can have an unlimited number of partners.b)Partners in an LLP have unlimited liability.c)The death of a partner does not affect the existence of an LLP.d)The property of an LLP belongs to individual partners.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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