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Consider the following statements about Limited Liability PartnershipIn limited partnership, the liability of at least one partner is unlimited whereas the rest may have limited liabilityRegistration of such partnership is compulsoryPartnership get terminated with the death, lunacy or insolvency of the limited partnersLLP contains elements of both a corporate structure as well as a partnership firmWhich is/are INcorrect?

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Consider the following statements about Limited Liability Partnership<br>In limited partnership, the liability of at least one partner is unlimited whereas the rest may have limited liability<br>Registration of such partnership is compulsory<br>Partnership get terminated with the death, lunacy or insolvency of the limited partners<br>LLP contains elements of both a corporate structure as well as a partnership firm<br>Which is/are INcorrect?






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