Tag Archives: #PartnershipFormationRequirements

How LLP is different from partnership ?

LLP is different from partnership   LLP is different from partnership: An LLP (Limited Liability Partnership) and a general partnership have some key differences that distinguish them as distinct business structures. Here are the main differences which explain how LLP is different from partnership: 1.Liability: In a general partnership, all partners have unlimited personal liability… Read More »

Are partnerships registered with the state?

  Partnership Registration with the State Partnership registration with the state,  Yes, partnerships are typically registered with the state government or relevant authorities in many jurisdictions. The registration process helps establish the legal existence of the partnership and provides certain benefits and protections. The specific registration requirements and procedures for partnerships may vary depending on… Read More »

Can a private limited company be converted to partnership firm?

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 »