Advertisements
Advertisements
Question
What is the main benefit for partners in a Limited Liability Partnership (LLP)?
Options
Unlimited authority
No written agreement required
Protection of personal assets
Only one partner needed
MCQ
Advertisements
Solution
Protection of personal assets
Explanation:
In an LLP, partners’ liability is limited to their investment, so their personal assets are protected.
shaalaa.com
Is there an error in this question or solution?
