Fill Your Details & Get Your Quote

Get Instant Support over whatsapp
8882742187

Limited Liability Partnership (LLP) To Private Limited Company


Expert Lawyer Is The Answer.


Online Limited Liability Partnership (LLP) To Private Limited Company Starts at Rs. 14887.00 / -
Exclusive of all Expenses Order Now

About Limited Liability Partnership (LLP) To Private Limited Company

In India, private companies are one of the most common forms of business structure. They provide higher chances of growth, development and are best for raising equity capital which is not possible in case of LLP. LLP structure is not suitable if the owners require venture capitalist or private equity investors to invest in their company as they would choose to invest in a private limited company and not a partnership or LLP. The second reason for conversion is the that the FDI in case of a private limited company does not require any approval it can be done directly unlike in an LLP. Especially if the promoters or owners of the company are NRI’s or a foreigner incorporating a private limited company is a preferable choice over an LLP. Hence conversion is mandatory if the above-mentioned requirements need to be fulfilled.

Benefits

Easy Fund raising

Stringent registration process makes this structure more credible among other which makes fundraising or borrowing from external sources easier. The organization itself provides a number of ways to raise funds in form of private equity, ESOP, and more.

ESOPs to employees

Only private limited companies can offer stock ownership and ESOP plans. It attracts employees as it creates an incentive for them to work in the company and advantage with its growth and prosperity.

Separate Legal Existence

The separate ownership and management help both – the company and the management to focus on their potential works. The shareholders assign responsibility to operate and run the company without losing control in form of voting.

Limited Liability of Owners

The obligation or debts of the company does not create a charge over the owner’s personal assets. Their liability is limited only to the capital subscribed and unpaid by them.

Documents Required

PAN Card
PAN Card of shareholders and Directors.
Foreign nationals may provide a passport.

Identity Proof
Voter ID/ Passport/ Driving License of Shareholders and Directors

Address Proof
Telephone Bill /Electricity Bill/ Latest Bank Account Statement of Shareholders and Directors

Photograph
Latest Passport size photograph of Shareholders and Directors

Business Address Proof
Electricity Bill/ Telephone Bill of the registered office address

NOC from owner
No Objection Certificate to be obtained from the owner(s) of registered office

Rent Agreement
Rent Agreement of the registered office should be provided, if any

Note
In case of NRI or Foreign National, documents of director(s) must be notarized or apostilled.

Copy of ITR
A copy of the latest income tax return filed by the Limited Liability Partnership.

Minimum Requirements

Unique Name
Mainly it builds the company brand and preferably be a coined word

Business Object
Second part of name should suggest the business activity of the company

Constitution Type
Name of the company must end with “Private Limited” as suffix

Process

Frequently Asked Questions

In case of more than 7 partners in the LLP at the time of conversion into Company then Company have to file Scan copy of Physically prepared MOA & AOA.
In above mentioned situation company have to file 1. URC-1 and 2. INC-32. No need of INC-33 and INC 34 in the above mentioned situations.

As per Rules, at the time of Conversion LLP have to file "copies of the principal and all subsequent deeds including the latest deed" with the ROC in e-form URC-1

In case of incorporation of a company where any of the subscribers of the MOA/AOA is signing at a place outside India, MOA & AOA shall be filled with INC 32 in the respective format as specified in Table A to J in Schedule I without filing form INC 33 and INC 34. (Means Physical attachment of MOA & AOA in e-form INC 32)

Maximum 3 (Three) DIN can be apply through SPICE form.
If applicant want to incorporation Company with more than 3 Directors and more than 3 persons doesn’t have DIN. In such situation applicant have to incorporate Company with 3 Directors and have to appoint new directors later on after incorporation.

No need to file any separate form. Details in relation to Area Code and other details shall be mention in the form INC-32 itself and PAN & TAN shall be generate with Certificate of Incorporation.

Testimonials

One stop for all your legal solutions. Expert Lawyer offers the best services on time.Highly recommended.

One can expect the best legal advice & timely completion of the work.

Thankful to team Expert Lawyer. They are like your true friend, you ask for favour & they are always for you to provide you with the best.

Commitment, transparency, timely delivery, patience etc , are the words to describe the services of Expert Lawyer. They are simply the best.

When you think for corporate solutions ,you think for Expert Lawyer.

Ease of doing business = Expert Lawyer.

You name it,they provide it. Expert Lawyer provide the best services in the market.

You can trust Expert Lawyer for long venture. I have been associated with Expert Lawyer for quite sometime & they have never disappointed me .They have always fulfilled their commitment.