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LLP vs Partnership Firm | Differences Between Partnership and Limited Liability Partnership
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🔴 Partnership is an Agreement Between Two or more Persons where Parties are known as business partners, they agree to perform their duties of business and share profits according to agreement, the partners in a partnership may be individuals, artificial persons, organization.
🔴Limited Liability Partnership is also a Type of Partnership which is Registered under Ministry of Corporate Affairs and it is featured by both Private Company and Partnership.
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