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Conversion LLPto a Private Company

Several businesses started in India as Limited Liability Partnership (LLP), may now wish to convert into a private limited company for more growth in business or for infusing equity capital

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Step 1

Apply for the DSC.

Step 2

Apply for the DIN

Step 3

Get the certification of the company.

Overview

Benefit

Process

Documents Required

FAQ

Shreya Pandey
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Finemate Consultants Pvt. Ltd
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Conversion of LLP To Private Company Overview

Registration of LLP is on the rise in India due to various factors. LLP registrations in India has risen by 55% during the Financial Year 2014-15 and is to set to rise even further with rising awareness about LLP. Most of the Entrepreneurs opting for LLP registration are small businesses that do not foresee any requirement for raising equity funds.

What Are The Benefits of Conversion LLP to Private Company?

(1) Easy fund raising

(2) Separate legal existence

(3) Limited Liability of Owners

(4) Employee Stock ownership plan to employess

What is the process of Conversion LLP to Private Company?

(1) Obtain name Approval

(2) Securing DSC and DIN

(3) Filling Of Form URC-1

Documents Required For Conversion LLP to Private Company?

(1) Address proof of the applicant.

(2) Identity Proof of the applicant.

(3) Passport Size Photographs of the applicant.

(4) Copy of the latest returns file by the limited liability partneship

(5) The NOC was obtained from members of LLP and the register

FAQs

(1) What is conversion of LLP to private company?

(2) What is minimum capital required for LLP?

(3) Can LLP borrow money from from partners?

(4) What is the disadvantages of private limited company?

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