Business Studies, asked by yuvaraju9862, 11 months ago

Advantages of conversion of partnership firm into llp

Answers

Answered by SuryaSir

Explanation:

Advantages of Partnership Firm into LLP

Limited Liability for Partners. One of the main drawback with respect to a Partnership firm is that the partners in a partnership are personally liable to the creditors. ...

Perpetual Existence. ...

Unlimited Partners. ...

Better Access to Credit. ...

Potential for Growth.

Answered by nutanjha95

Limited Liability for Partners. One of the main drawback with respect to a Partnership firm is that the partners in a partnership are personally liable to the creditors. ...
Perpetual Existence. ...
Unlimited Partners. ...
Better Access to Credit. ...
Potential for Growth.

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