Sometimes businesses need the transfer of ownership; be it LLP of Private Limited Company. There are many reasons for this. There may be statutory requirements because of which one may need to transfer the ownership. For example, if it is not possible to be the owner of more than one business enterprise at the same time.
The willful transfer of ownership is also possible. Meaning, if the owners desire to transfer the ownership, it can be done. Both the LLP and PLC have got a different due procedure that needs to be followed to transfer the ownership.
Read More :- Ease of transferring ownership: LLP vs Pvt Ltd. Co.