The partners in an LLP may also have a number of junior partners in the firm who work for them in the hopes of someday making full partner. These junior partners are paid a salary and often have no stake or liability in the partnership. The important point is that they are designated p...
In other respects, it is similar to a private company. A full guide to Limited Liability Partnerships can be found here. How many partners can an LLP have? What details do I need to form a Limited Liability Partnership? Does a UK LLP pay tax? How are LLPs governed?
What is the full form of LLP? - LLP Full Form is Limited Liability partnership. Learn more about Limited Liability partnership by visiting BYJU'S.
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