Which one of the following is not a feature of Ltd. Liability Partnership firm?

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Q: 76 (IAS/2010)
Which one of the following is not a feature of Ltd. Liability Partnership firm?
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question_subject: 

Economics

question_exam: 

IAS

stats: 

0,29,56,29,18,16,22

keywords: 

{'partnership': [0, 0, 1, 0], 'mutual agreement': [0, 0, 1, 0], 'partners': [0, 0, 1, 1], 'corporate body': [0, 0, 1, 1], 'internal governance': [0, 0, 1, 0], 'management': [2, 0, 4, 9], 'perpetual succession': [0, 0, 1, 0]}