Difference between Company and Partnership

Difference Between Company and Partnership There are many ways to set up an entity in the business world. Two popular choices are partnerships and companies. A block is like a team-up, where a few people come together, agree on how…

Conversion of Partnership into LLP

Conversion of Partnership into LLP Partnership firms are at a disadvantage when compared to the newly introduced Limited Liability Partnership (LLP) as they do not provide limited liability protection for the partners, separate legal entity status, ability to take on unlimited…