Article
Converting a Partnership to an LLP: Why Convert?
The benefits of converting to a limited liability partnership ("LLP") should outweigh any other considerations. In particular, in an LLP, each partner, or "member" (as they should be called) will in most cases have no personal liability for obligations of the LLP or the other members - unlike in a general partnership, where a partner can be sued personally for the full amount of a claim and could risk losing all his personal assets.
RadcliffesLeBrasseur





