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6 April 2021

Transforming a civil law partnership into a limited liability company

When starting a business in the form of a partnership, entrepreneurs often begin with a civil law partnership. It is an attractive option due to low start-up and market entry costs as well as limited formal and legal obligations and accounting responsibilities. As your business develops, your the number of your customers and liabilities grows, and so does your risk level. What to do when a civil law partnership is no longer sufficient? Can a civil law partnership be transformed into a commercial company? Which legal form should you choose? 

 

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