Why should companies convert themselves into LLP?
In the limited liability partnership, some of the partners will be having limited liability as per the shares and this concept will help in providing them with proper protection from the negligence and incompetence of the other partners. The liability of the partners will be unlimited in the cases of fraud committed by LLP. So, being clear about the basic technicalities of conversion of company into LLP in Bangalore is very much important for people so that there is no chance of any kind of issue and overall goals are very easily achieved. Following are some of the basic things which people need to know: The conversion of the Company into LLP will always help in making sure that companies will be able to save the dividend distribution tax, minimum alternative tax and income tax because the interest and remuneration will be perfectly paid to the partners as the salary which was earlier payable to the directors. In this particular case, there will be no chance of any kind of t...