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What distinguishes Limited Liability Partnerships (LLPs) from traditional partnerships?a)Higher taxation ratesb)Limited liability protection for partnersc)Mandatory annual auditsd)Unlimited personal liability for partnersCorrect answer is option 'B'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about What distinguishes Limited Liability Partnerships (LLPs) from traditional partnerships?a)Higher taxation ratesb)Limited liability protection for partnersc)Mandatory annual auditsd)Unlimited personal liability for partnersCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What distinguishes Limited Liability Partnerships (LLPs) from traditional partnerships?a)Higher taxation ratesb)Limited liability protection for partnersc)Mandatory annual auditsd)Unlimited personal liability for partnersCorrect answer is option 'B'. Can you explain this answer?.

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