Can Limited Liability Partnership or LLP issue shares to the public?

There can be no allotment of shares to public by LLP. There exists a thin line difference between LLP and Pvt. Ltd. Co. It is in the nature of a partnership and the only difference that exists is in the context of limited liability. Thus, it cannot issue shares to the general public or float them in the market. It is because of this reason, that it has no shareholders.


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