WHAT IS A LIMITED LIABILITY PARTNERSHIP?
Incorporation of a Limited Liability partnership is a new structure brought into existence by the LLP Act, 2008with an intention to give flexibility to the existing partnership firms to convert their business into a Legal Entity or to the new businesses deriving to become a Legal Entity where the Liability of the Partners is Limited to the agreed contribution that they have in the Company in accordance with the agreed terms of all the partners penned down in LLP Agreement.
WHAT IS THE PROCESS FORCONVERSION OF A PARTNERSHIP FIRM TO A LLP?
THE PROCESS FOR CONVERTING A PARTNERSHIP FIRM TO A LIMITED LIABILITY PARTNERSHIP:
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