Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Why can’t a traditional firm (partnership or LLP) become and LP but retain all solicitor partner/members?

0
Posted

Why can’t a traditional firm (partnership or LLP) become and LP but retain all solicitor partner/members?

0

This is what the Bill says. Given that there is intended to be no advantage or disadvantage for the traditional firms v LPs then it is hard to see why a traditional firm would want to become an LP and make no other changes to its structure.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123