Conversion of partnership firm into private limited company

This query is : Resolved

Harish Tolani (Querist)
Follow

14 March 2012 Can anyone please explain in detail the advantages and disadvantages of converting a partnership firm into a privated limited company

pramod

pramod (Expert)
Follow

15 March 2012 Partnership or LLP or Pvt Ltd are the ways of running any business.
Basically in Partnerhship the liability of Partner is unlimited which is limited in case of LLP or Pvt Ltd Form.

Rest theoretical details you may found in books also.

Further for more clarification kindly contact us on csladda@ymail.com

Regards