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Updated over 16 years ago,
Best way to transfer over to LLC
I have a partnership I want to transfer into an LLC. Can I just transfer the Partnership to the LLC and keep the partnership alive, or do I have to transfer the partnership percentages to the LLC. i.e.- the ABC LLC would own the ABC Partnership, or does it have to be that ABC LLC has a 50% owner in Jane and a 50% owner in Bob.
Thank you!