It also provides support in the transformation of existing business entities into a limited partnership.
In practice, a limited partnership is an advantageous form of conducting business, both in terms of reduced business risk and tax optimisation. Having the appropriate legal structure, the limited partnership allows to exclude shareholders from personal liability and to avoid double taxation.
Any partnership, i.e. registered partnership, professional partnership and limited joint-stock partnership, can be transformed into a limited partnership. It is also possible to transform a general partnership and a cooperative into a limited partnership.
In the case of persons running a business, we prepare and support the process of establishing a limited partnership and bringing in an operating business as a non-monetary contribution to the newly formed limited partnership.
Thanks to the cooperation of solicitor, tax advisors, legal advisors and lawyers specializing in commercial law and tax optimisation, and with the support of a statutory auditor, the GLC legal team is able to offer comprehensive package of services to set up a limited partnerships and to transform entities into limited partnerships.
Limited company – benefits for the entrepreneur:
Thanks to the advice from GLC experts the process of transforming a business into a limited partnership will be easier, safer and tax efficient.