Procedure for Converting a Partnership Into an LLP

Over the past few years, there has been a growing style of converting partnership businesses into Limited Liability Partnerships (LLPs). It is vital to have a look at the provisions of Section fifty 5 of the Limited Liability Partnership Act, 2008, observe with the 2nd Schedule, so one can convert a partnership corporation proper right into a Limited Liability Partnership. LLPs had been added through the Limited Liability Partnership Act, of 2008, and they have got emerged due to the fact the most well-known preference is for medium-sized and small-sized companies. As the decision implies, one of the main reasons […]