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Legal identity of Limited Liability Partnership (LLP)?

In:

Limited Liability Partnership is a separate legal entity.

The Partners of the LLP have limited liability. Like a company, an LLP is a body corporate and therefore a separate legal entity and an LLP member’s liability is limited. However, like a partnership the relationship between the LLP members is governed by private agreement. An LLP does not have shareholders or directors and is taxed like a partnership.

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