Difference Between LLP and Partnership Firm

What are the Difference Between LLP and Partnership Firm? In this Video we have discussed LLP vs Partnership Firm comparison in detaile. Prior to the introduction of LLP, a Partnership Firm was the only structure available to register Partnership businesses in India. However, a firm had several shortcomings that were increasingly becoming more difficult and challenging to handle!

In fact, the main purpose behind introducing the concept of LLP was to overcome or eliminate the flaws of the Firm with a better partnership structure. In this video, we have compared all the features of an LLP with that of a firm so that you can yourself understand, which one fares better! For complete information watch the video till the end!

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