can a partnership be converted into llp vakilsearch.com
In recent years, Limited Liability Partnerships (LLPs) have become more popular in place of conventional partnerships. This is because LLPs provide more freedom, limitless partners, and other benefits. However, LLPs\' significant benefit in terms of limited liability is what is really fueling the move. Because LLPs are a mix of a partnership and a private limited company, there is no longer a concern about the partner\'s personal assets. This form of organisational structure works particularly well for small and medium-sized firms, who have unique needs.
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