⭐ Important points (exam-critical)
- ⭐Sharing of profits is prima facie evidence — not conclusive proof of partnership.
- ⭐Sec 69 — unregistered firm: cannot sue partners or outsiders, but can be sued.
- ⭐Minor admitted to benefits only (Sec 30); not personally liable.
- ⭐LLP Act 2008 is separate from Partnership Act 1932 — LLPs have perpetual succession.
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