Conversion Of Partnership To LLP
Limited Liability Partnerships or LLPs have an upper hand over the partnership firms and become beneficial for the partners who get into the LLP structure. One needs to know that, LLP is a separate legal entity and involves a mandatory registration process with the central government, which is not the case for partnership companies. Partnership To LLP Services in Hyderabad & Bengaluru.
Converting the partnership to LLP indeed becomes a good decision taken by its memes when it comes to executing the business strategy which secures the partner’s rights and limits their liabilities.
The conversion of the partnership to LLP in Hyderabad & Bengaluru would be deemed to be dissolved. Further, on the conversion of the Partnership to LLP, all properties, assets, interests, rights, privileges, liabilities, and obligations of the firm are transferred to the LLP.