List the major differences between Partnership Firm, LLP and a Private Limited company in India.
Question
List the major differences between Partnership Firm, LLP and a Private Limited company in India.
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Solution 1
- Ownership: In a Partnership Firm, two or more individuals come together to form a business and share profits. In a Limited Liability Partnership (LLP), two or more partners form a partnership where their liability is limited. A Private Limited Company is a type of business entity in which the own Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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