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Partnership FirmInto Pvt. Ltd. Company

There are minimum two or more Partners in the existing Partnership firm for converting the Partnership firm into a Private Limited Company.

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Professionals

Partners

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Step 1

Conduct a Meeting.

Step 2

Submit URC-1 Form

Step 3

Get the certification.

Overview

Benefit

Process

Documents Required

FAQ

Shreya Pandey
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Finemate Consultants Pvt. Ltd
(4.5 Ratings)
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Partnership Firm Into Pvt. Ltd. Overview

The major benefit of registering a Private Limited Company is that it has the status of a separate legal entity that a Partnership firm does not have. Private Limited Company has Limited Liability whereas in the case of partnership firm partners are personally liable for each and every debt. Private Limited structure is more transparent than other business structures. PLC has its own advantages such as Limited Liability, Perpetual Succession, easy access to funds, etc.

What Are The Benefits of Partnership Firm Into Pvt. Ltd. Company?

(1) Automatic transfer

(2) No Stamp Duty

(3) No Capital gain tax

(4) Continuation of brand value

What is the Procedure of Partnership Firm Into Pvt Ltd Company?

(1) Meeting Of Partners

(2) DSC & DIN

(3) E-Form URC-1

(4) Company Name

(5) MOA & AOA

Documents Required For Partnership Firm Into Pvt. Ltd. Company?

(1) Director's and Shareholder's PAN Cards.

(2) Director's and Shareholder's Aadhar card, Voter id/Driving License.

(3) Telephone bill/Electricity bill.

(4) A passport copy of the partnership firm's GST Registration.

FAQs

(1) What is Partnership firm into pvt. ltd. company?

(2) Can one person start a private limited company?

(3) Is registration compulsory for a private limited companies in india?

(4) What are the minimum requirments to incorporate the PLC?

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