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Conversion of pvt co into llp

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 March 2016 whehter partners can change into llp after its conversion from a pvt co if not then for how long one has to retain as a partner in llp
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
22 March 2016 In case of conversion of Private Limited Company into LLP, all the shareholders of the Company to be partners in the LLP and no one else .
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Querist : Anonymous

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Querist : Anonymous (Querist)
22 March 2016 this is the condition at the time of conversion but does it mean that partner can not leave firm ever.....
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
23 March 2016 No. After incorporation of LLP, partner can leave

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