rtnership Act, 1932
No Mandatory Registration |
_RegistrationCompulsory_|
Maximum Partners — Limit
| Minimum - 2 Partners
Maximum — No Limit
Unlimited Liability
Perpetual Succession |
It was not created by law
No Separate Legal Entity
[ante instonl_sionteseeiciies sae SESS |
mal
| Perpetual Succession
Common Seal
Created by Law
but an Agreement
LLP Agreement
Protessionals
May be converted to any other form of Business
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|b) Dissolutionof uP
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d) Partner — insolvency
4) Cessation of Partnership
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