Question
1.What is a general-limited partnership? 2.What is the rationale of the law why limited partnerships are required to affix the word Limited or its abbreviation
1.What is a general-limited partnership?
2.What is the rationale of the law why limited partnerships are required to affix the word "Limited" or its abbreviation "Ltd" as part of the partnership name?
3.Can an existing limited partnership be converted to a general partnership? If so, explain how it can legally be done?
4.Can an existing general partnership be converted to a limited partnership? If so allowed, explain how it can legally be done?
5.Can an existing single proprietorship be converted into partnership? If allowed under existing laws, how shall it be done if it will be converted to a general partnership or limited partnership?
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