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of <h1>LLP Gains Legal Rights: Can Sue, Own Property, and Perform Corporate Acts Post-Registration</h1> On registration, a limited liability partnership (LLP) gains the ability to engage in legal actions under its name, such as suing and being sued. It can acquire, own, hold, develop, or dispose of property, whether movable or immovable, and tangible or intangible. The LLP may also adopt a common seal if desired and perform other lawful acts typical of corporate bodies.
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