An LLP is recognized as a corporate body under the LLP Act, 2008. It is considered a separate legal entity from its partners, with perpetual succession. This means that changes in partnership—such as death, resignation, or insolvency—do not impact the LLP’s continued existence, rights, or obligations. Perpetual Succession, Regardless of internal changes among partners, the LLP continu... https://kahkaham.net/read-blog/154514