October 2023
Beginner
186 pages
4h 38m
English
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Case 16 Clock Travel LLP
Sonam Arora, Yash Shah & Tanvi Panchal
Assistant Professors, LJ Integrated MBA
drsonam.ljimba@ljinstitutes.edu.in, profyash.ljimba@ljinstitutes.edu.in, tanvipanchal3@gmail.com
On 5th March 2021, Mr Parth Shah, 45, Founder of Clock Travel LLP, a tour-operating firm incorporated in 2017 in Ahmedabad, was thinking of restructuring his existing Limited Liability Partnership firm and converting it into a proprietorship firm. Resignation of one of his key employees/prospective partners, substantial reduction in profits, outstanding statutory liabilities, and dissatisfaction with the existing books of accounts were some of the major driving forces towards restructuring. However, the firm’s existing ...