Question
Jamil has been operating his accounting firm in partnership with Eddie for several years and is thinking of taking advantage of the Limited Liability Partnership
Jamil has been operating his accounting firm in partnership with Eddie for several years and is thinking of taking advantage of the Limited Liability Partnership Act 2012, and converting his firm into a limited liability partnership. He is not sure of what he needs to do for the purpose of conversion.
You are required to:
a.Advise Jamil and Eddie on the structure, procedure and the eligibility to become member of a Limited Liability Partnership.
b.Explain the special features of a Limited Liability Partnership,
c.Discuss the advantage or disadvantage of the conversion.
d.Distinguish the special differences between a general partnership and a Limited Liability Partnership.
Step by Step Solution
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Step: 1
Sure Jamil is considering converting his partnership with Eddie into a Limited Liability Partnership LLP Lets address each part of the query step by step a Structure Procedure and Eligibility to Becom...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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