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Explain TWO (2) difference between LLP and a conventional corporation in terms of statutory compliance requirement.

Limited liabilities partnership (LLP) was first introduced in Malaysia in 2012 through the introduction of Limited Liabilities Partnership Act 2012. Since then, LLP has been on of the popular which business entity among business owners used for the running of business operations due to the benefits and flexibility that LLPs have. 


a) Explain TWO (2) difference between LLP and a conventional corporation in terms of statutory compliance requirement.  


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