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What is a significant difference between an LLP and a company?a)LLPs have a more complex management structure.b)Companies have limited liability, while LLPs have unlimited liability.c)Companies have perpetual succession, while LLPs do not.d)LLPs allow partners to participate in management without losing limited liability.Correct answer is option 'D'. 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 What is a significant difference between an LLP and a company?a)LLPs have a more complex management structure.b)Companies have limited liability, while LLPs have unlimited liability.c)Companies have perpetual succession, while LLPs do not.d)LLPs allow partners to participate in management without losing limited liability.Correct answer is option 'D'. 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 What is a significant difference between an LLP and a company?a)LLPs have a more complex management structure.b)Companies have limited liability, while LLPs have unlimited liability.c)Companies have perpetual succession, while LLPs do not.d)LLPs allow partners to participate in management without losing limited liability.Correct answer is option 'D'. Can you explain this answer?.

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