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Tag: Steps for Converting Partnership Firm into LLP

What are the Steps for Conversion of Partnership Firm Into LLP?

Posted on October 11, 2022December 14, 2022 by admin

Limited Liability Partnerships (LLPs) are much better business vehicles than regular partnerships. They remove excess regulations of the Indian Partnership Act of 1932, which are impacted by personal liabilities. Furthermore, there are tax benefits, no audit requirements below a certain capital, and no cap with regard to the number of partners or capital contributions requirements….

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