Conversion of Private Limited Company into Limited Liability Partnership

Private Limited into Limited Liability Partnership

The Limited liability partnership is defined as the combination of the company and partnership. It is very advantageous for small and medium-sized businesses. this form of business is governed by the Limited Liability Partnership Act- 2008, which was enforced to promote micro, small and medium enterprises.

Sole Proprietorship vs One Person Company

Sole Proprietorship vs OPC

The sole proprietorship is defined as a company that is owned and managed by one person. In this, the owner is directly liable for all the profits or losses. This form of business does not require any legal formalities; hence it is considered a highly convenient form of business for small investors.