cryptohunter
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Changing a company's legal setup after it's set up is more than just a small tweak. It usually means redoing the whole thing, depending on what legal setup is wanted. In the UK, companies can be a sole trader, LLP, or limited company.
If a company wants to switch from being a sole trader or partnership to a limited company, it has to create a new company. This means making new rules (Articles of Association), giving out shares, and telling Companies House about the change.
On the otherside, if a company wants to go from being a limited company to an LLP, it needs to make a new agreement (LLP agreement), move stuff around, and let Companies House know about the switch. It's like giving the company a whole new legal outfit.
If a company wants to switch from being a sole trader or partnership to a limited company, it has to create a new company. This means making new rules (Articles of Association), giving out shares, and telling Companies House about the change.
On the otherside, if a company wants to go from being a limited company to an LLP, it needs to make a new agreement (LLP agreement), move stuff around, and let Companies House know about the switch. It's like giving the company a whole new legal outfit.
