LLP to Partnership Converting an LLP to partnership is not feasible since an LLP is essentially a type of partnership itself. In fact, an LLP is a hybrid form of partnership that provides limited liability protection to its partners. In a traditional partnership, the partners have unlimited personal liability for the debts and obligations of… Read More »
Can a private limited company be a proprietor No, a private limited company cannot be a proprietor. The term “proprietor” typically refers to an individual who owns and operates a business as a sole proprietorship. To visit: https://www.mca.gov.in On the other hand, a private limited company is a distinct legal entity separate from its owners.… Read More »
Can a private limited company be converted to partnership firm Change Pvt Ltd company to partnership firm:Certainly, converting a private limited company into a partnership firm is indeed possible by following the appropriate legal procedures and meeting specific conditions. Nonetheless, it is crucial to acknowledge that the conversion process and requirements may vary depending on… Read More »