Limited Liability Partnerships Act 2012 · Updated to 1 Aug 2022 · Part V · Conversion to Limited Liability Partnerships
29. Conversion from conventional partnership to limited liability partnership
Feedback & supportA conventional partnership may convert to a limited liability partnership if and only if the partners of the limited liability partnership to which the conventional partnership is to be converted, comprises all
conventional partnership
“conventional partnership” means a partnership registered under the Registration of Businesses Act 1956 and a partnership established by two or more persons for the purposes of carrying on any professional practice;
*NOTE—The Companies Act 1965 [Act 125] has been repealed by the Companies Act 2016
[Act 777] w.e.f 31 January 2017―see subsection 620(1) of Act 777.
Limited Liability Partnerships 31
the partners of the conventional partnership and no one else.
In this Part, “convert”, in relation to a conventional partnership converting to a limited liability partnership, means a transfer of the properties, interests, rights, privileges, liabilities, obligations and the undertaking of the conventional partnership to the limited liability partnership.
limited liability partnership
“limited liability partnership” means a limited liability partnership registered under section 11 or a foreign limited liability partnership registered under section 45;