Can a Partnership Be Converted into LLP
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- Published date: November 21, 2022
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- Ambattur, Tamil Nadu, India [ Ad Id - 175882 | Ad Views - 37 ]
Can a Partnership Be Converted into LLP
Because limited liability partnerships are far more advantageous for the participants than general partnerships, they are given precedence over the latter. It is a type of business organisation that combines the benefits of a corporation's corporate structure with the adaptability of a partnership. According to Section 55 of the Limited Liability Partnership Act of 2008 read with Schedule II of the Act, a partnership firm may be converted to an LLP.
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