LLP is a separate and distinct entity form its members. LLP is capable of entering into contract and can own property etc as altogether separate entity in its own name. Can LLP be admitted as partner into partnership firm ?
LLP being a partnership firm cannot be a partner of another firm on the logic that the partnership firm does not be a legal person with distinct and separate identity . Mere registration of an LLP does not create a corporate identity of the firm called “juristic person”, it only gives its partners immunity from being personally liable.
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