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Can we transfer ownership of LLP?
Yes, ownership of an LLP can be transferred by changing the designated partners or transferring partnership rights. This involves executing a transfer deed, updating the LLP agreement, and filing changes with the Registrar of Companies. Legal and procedural compliance is essential for a smooth transfer.
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Is bookkeeping done daily?
Yes, bookkeeping can be done daily, especially for businesses that require up-to-date financial records. Daily bookkeeping involves recording transactions, monitoring cash flow, and ensuring accounts are balanced. This helps in maintaining accurate financial data and allows for timely decision-making, preventing errors or discrepancies.
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