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Document Description
This is an announcement letter for a business to inform its customers and business partners of the company's recent restructuring (converting from a partnership to a private limited company). It is customary for a business to do so after registration of the private limited company as the legal consequences are different for these two entities. Private Limited Companies enjoy a separate legal identity, while members of a partnership are personally and entirely involved in all liabilities incurred in the business.
How to use this Document?
This letter should be used by users who have just converted their partnership business into a private limited company.
This letter formally introduces the business's new name and reassures the customers that this is a strategic decision to enable the company to grow further. The new funding provides excitement for the arrival of new products and services at a higher quality.
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