Which of the following points are considered as salient features of Limited Liability Partnership (LLP)?
A. LLP is a body corporate
B. LLP is a legal entity separate from its partners
C. LLP does not enjoy a perpetual succession
D. Partners of LLP have unlimited liability
E. LLP is an artificial legal person
Choose the correct answer from the options given below:
1
A, B and E Only
2
B, C and D Only
3
C, D and E Only
4
C and D Only