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Which of the following is/ are advantage of LLP?

Which of the following is/ are advantages of LLP?

LLP can raise funds from public.

A partnership firm has no separate existence apart from its members. Whereas a company is a ___________ distinct from its member.

A change in the nature of the business can only be brought about by the consent of __________.

Identify which of the following statement is true and which is false?
(i) As relations of partners inter se are that of agency, no consideration is required to create the partnership,
(ii) Partnership and Joint Hindu Family both are created by status.
(iii) There is no restriction as to maximum number of members for HUF.
(iv) Registration is also required for HUF.
Select the correct answer from the options given.

The right choice of the form of the business depends upon ___________.
(I) Nature of business
(II) Volume of business
(III) Area of operation

Which of the following is/ are advantage of LLP?

Which of the following is not the  characteristic of LLP?

A partner can transfer his interest so as to substitute the transferee in his place as the partner, without the consent of all the other partners; a member of company cannot transfer his share to any one he likes.