Limited liability partnership recognized as separate legal entity, retaining perpetual succession and continuity despite changes in partners. A limited liability partnership is a body corporate and a legal person distinct from its partners, endowed with perpetual succession; changes in partners ... Summary
Limited liability partnership recognized as separate legal entity, retaining perpetual succession and continuity despite changes in partners.
A limited liability partnership is a body corporate and a legal person distinct from its partners, endowed with perpetual succession; changes in partners do not affect the LLP's existence, rights, or liabilities and the entity retains continuity and its separate legal identity.
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