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General Q&A

Questions

  1. Can a LLP be converted back to that of a Company? General Q&A Active 
  2. Can a partner of LLP be a partner of another LLP? General Q&A Active 
  3. Can a wholly owned subsidiary of head office be converted to a LLP? General Q&A Active 
  4. Can LLP have sleeping partners? General Q&A Active 
  5. Can professional practices register as LLP? General Q&A Active 
  6. Does a foreigner-controlled LLP need to pay medisave? General Q&A Active 
  7. For taxation, will losses, capital allowances, investment allowances be carried forward? General Q&A Active 
  8. How are the accounts of a LLP going to be accounted for after a company has converted to a LLP? How about GST registered co? General Q&A Active 
  9. How is a LLP taxed? How is a company taxed after being converted to a LLP? General Q&A Active 
  10. If a company is a large corporation in terms of paid up capital, is it difficult to convert to LLP? General Q&A Active 
  11. If the directors of company refuse to convert into LLP, but Shareholders want to convert the company, is the company still be able to be converted to LLP? General Q&A Active 
  12. If the Manager files with ACRA that it is unable to pay debts, what will happen after that? General Q&A Active 
  13. Is LLP inheritable, that is, pass the business down to the son? General Q&A Active 
  14. It is unfair for creditors as the current partnerships can evade liability by just converting to LLP? What is the rationale/remedy for this? General Q&A Active 
  15. Since company allows for General Q&A Active 
  16. What are the benefits of converting from Private Limited companies to LLP? General Q&A Active 
  17. What happens to shareholdings of shareholders converted from Private Limited to LLP? If person A holds 10% and person B holds 90% of shares in the company, what will happen when converted to LLP? General Q&A Active 
  18. What happens to the amount owing to creditors when partnership is converted into LLP? General Q&A Active 
  19. What kicks in once a company declares that it is insolvent?

 

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-CPA & B.Com (Uni Of Sydney)

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