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The legal characteristics of limited liability partnership (LLP) are similar to those of general partnerships. except- The partners in a limited liability partnership (LLP) are

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The legal characteristics of limited liability partnership (LLP) are similar to those of general partnerships. except- The partners in a limited liability partnership (LLP) are not liable for any debts of the partnership. The partners in a limited liability partnership (LLP) cannot enter into contracts The partners in a limited liability partnership (LP) are not liable for professional negligence of other partners The partners in a limited liability partnership (L.P) ore only liable for debts arising out of fraudulent or misleading representations

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