Difference between General Partnership and LLP l Partnership Firm vs LLP

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A Limited Liability Partnership (LLP) and a general partnership are two types of business structures through which partners can carry out their business. Though an LLP and partnership firm requires a partnership between two parties for its establishment, it has many differences. This video covers the differences between an LLP and general partnership firm. • For Limited Liability Partnership Registration service, click here - https://cleartax.in/services/limited-... • For inquiries, call us at - 080-67458777 • For a LIVE chat with our experts on any queries, click here - • https://bit.ly/3rZ6G3S • To know more about our Business services, click here - • https://bit.ly/3jrQT9Z • For detailed information on the Difference Between LLP and Partnership Firm, click here - https://cleartax.in/s/difference-betw... • Timestamps • 00:00 Introduction • 00:31 What is general partnership? • 01:03 What is an LLP? • 01:53 Difference between general partnership and LLP • 04:46 Conclusion • Relevant links: • 💰 Subscribe to get clear explanations of ITR concepts: / @blackbycleartax • → Watch next – • Penalty for Late Filing ROC Forms - • Penalty for Late Filing ROC Forms I P... • Let’s connect: • IG – / clearfromcleartax • Twitter – / clearfromct • FB – / clearfromcleartax • LinkedIn - / mycompany • • Clear offers tax compliance and other financial solutions to 400k+ growing businesses, 2000+ large enterprises, 80k+ tax experts and more than 6 million tax filers. • #llp #partnership #partnershipfirm #partners #Clear

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