H&G-Final

  Home  |   About us  |   Blog  |  Contact us   |  Login  |    +91 7600805842 |     info@hngebiz.com  

 +91 7600805842 |   Contact us   |   About us  

Conversion from Private Limited Company to Limited Liability Partnership (LLP)
Home » Services » Conversion from Private Limited Company to Limited Liability Partnership (LLP)

Get your Conversion from Private Limited Company to Limited Liability Partnership (LLP) with us, starts at just Rs. 15,999/-* Now to get started Pay Just Rs. 299/- , and the rest will be pay conveniently after processing begins.

  • 100% Online Process
  • Hassle Free Process
  • EMI Available
  • CA / CS Services
  • Free Consultation
  • 24 x 7 Assistance

H & G Ebiz Private Limited
H & G Ebiz Private Limited
5.0
powered by Google
review us on
js_loader

11-arrow
Quick Registration
Conversion from Private Limited Company to Limited Liability Partnership (LLP)
Overview
  • Private Limited Company and Limited Liability Partnership are two different concepts and two different business forms. The main concern for business owners is which form of business benefits them the most. In recent time the Concept of LLP has emerged as it is a form of business entity, which allows individual partners to be free from the concept of joint liability of partners in a partnership firm And for that reason many business owners are turning towards the conversion of a Pvt Ltd co. to LLP.
  • Prime reason why the concept of LLP has evolved is because of its simplicity in formation and easy maintenance. It helps owners also to limit their liabilities. This is the biggest advantage of an LLP over a traditional partnership firm. LLP has a blend of the benefits of a Company and a Partnership Firm namely. limited liability feature of a company and flexibility of a partnership firm. No partner is liable on account of unauthorized actions of other partners, thus individual partners are shielded from joint liability created by another partner’s misconduct. LLP form of organisation is usually preferred by Professionals, Micro and Small businesses that are family owned or closely-held.
Jan-Business_team_3
Conditions to fulfil for conversion of Private Limited Company (Pvt Ltd Co.) to LLP:
  • Each member of the company requires agreeing with the choice of conversion.
  • All members of the Private Limited Company will become the partners of the LLP.
  • The most up-to-date copy of Income tax return must be filed with the Registrar of Companies.
  • Not only the members, but also all the creditors of the private company must agree with the conversion.
  • According to Companies Act, no prosecution should start any process to be followed
Effect of Conversion of Pvt Ltd Co. to LLP:
  • The following are some of the implications due to the conversion of a company into a LLP:
  • The private company is dissolved after conversion.
  • The name of the private limited company will be removed from the register of the ROC.
  • The conversion will not affect existing liabilities, obligations, agreements, contracts and continued employment.
  • Company has to intimate all the authorities concerned about the conversion and make necessary changes in all the registrations and licenses.
Documents Required for Conversion from Private Limited Company to LLP
Document Checklist
  • Photograph, PAN Card & ID proof of all the Partners
  • Electricity Bill or any other utility bill for the address proof of the Registered Office
  • Consent of each of the shareholders of the company for conversion of the firm into LLP in the given format
  • Statement of assets and liabilities from the company
  • List of all the creditors along with their consent
Special requirement
  • Clearance/no-objection certificate from tax authorities.
  • Incorporation document in E Form FiLLiP
  • Form 3- Form of application and declaration of incorporation of an LLP
  • Approval from any other country
  • Optional attachments, if any
  • Authorization to make a declaration
FEES FOR Conversion from PRIVATE LIMITED COMPAN to LLP REGISTRATION
Standard
  • 15999/-
  • 2 DSC
  • Name Approval
  • Form 18
  • LLP Incorporation Certificate
  • LLP Agreement
  • PAN
  • TAN
  • Government Fees Upto 1 Lakh Authorised Capital
  • Preparation of statement of assets and liabilities
  • Professional certification on statement of assets and liabilities
Buy
regular
  • 18999/-
  • 2 DSC
  • Name Approval
  • Name Approval
  • LLP Incorporation Certificate
  • LLP Agreement
  • PAN
  • TAN
  • Government Fees Upto 10 Lakh Authorised Capital
  • Preparation of statement of assets and liabilities
  • Professional certification on statement of assets and liabilities
Buy
advance
  • 22999/-
  • 2 DSC
  • Name Approval
  • Form 18
  • LLP Incorporation Certificate
  • LLP Agreement
  • PAN
  • TAN
  • Government Fees Upto 50 Lakh Authorised Capital
  • Preparation of statement of assets and liabilities
  • Professional certification on statement of assets and liabilities
Buy
Process to Conversion from Private Ltd Co. to LLP
Untitled 10000

Benefits of Conversion of Private Ltd Co. to LLP

No Minimum Capital

No minimum capital is required to form a LLP. no minimum capital contribution requirement. It can be registered even with Rs. 1000 as total capital contribution.


Audit Not Required

In case of LLP no mandatory Audit is required. The audit is required only when the turnover of the company exceeds Rs 40 lakhs and where the contribution exceeds Rs 25 lakhs.

Easy Transfer

Interest in LLP can be easily transferred by introducing new Designated Partner. LLP is a separate legal entity and changing a Designated Partner doesn’t affect its existence.

Separate Legal Entity

LLP enjoys the benefit of Separate Legal Identity in the eyes of law which clearly states that assets and liabilities of the business are not the assets and liabilities of the Partners.

Tax Benefits

It is also exempted from various taxes such as dividend distribution tax and minimum alternative tax. The rate of tax on LLP is less than as compared to the company.

Multiple Relationships

A person can be a partner, employee or creditor of a Limited Liability Partnership. There can be different contracts with the same person in different capacities.


 
+91 76008 05842 +91 76007 97648
Call us for best solution
wpChatIcon
wpChatIcon
Scroll to Top