LLP to Company

There are businesses in India who begin their journey as a Limited Liability Partnership (LLP), but now are keen on converting into a private limited company for more growth and prosperity in business. Corporatization has become the need of the current market situation. We live in a world where the ulterior goal of every market is to drift towards one global market removing the barriers between the countries. There are many start-ups and entrepreneurs and partnership firms who are eager to step into corporatization.

Drafting of Memorandum and Articles of the company.

  • Application for approval of name and securing DSC.
  • Application for approval of name and securing DSC.
  • Written consent or NOC from all the partners of the LLP.
  • Address proof – Sale deed/property deed (in case of owned property)
  • NOC or rental agreement from the owner of the premises.
  • File and intimate Registrar of companies.
  • Details such as Name, Address proof, DIN, Passport, PAN for all the directors of the company.
  • Also include list of documents required to be attached with Form URC-1

Benefits of Conversion of LLP into Private/Public Limited Company

  • Preservation of Brand Value
  • Carry Forward of Unabsorbed Losses and Depreciation
  • Employee Stock Ownership Plan to Employees
  • Easy Fund Raising
  • Separate Legal Existence
  • Limited Liability of Owners