corpseed has been a member of ALInscribe since 2022-10-08. Their last visit to ALInscribe was on 2022-10-08 12:42:07.
If you’re looking to add partners in your business to have more diversity in thoughts, but don’t want too much of disturbance, in the way of compliance, structure or cost, it is wise to switch to an LLP. A sole proprietorship to llp cannot be directly converted into a LLP as it has only one person. It can be either done by closing the proprietorship and registering an LLP from scratch or by including another person in the business and making him a partner and then converting it to an LLP.