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Convert your LLP into Company and unleash the power of your Business, get it converted with the help of ComplyKart professionals easy and hassle-free

Package inclusion:

  1. Best Consultancy by Expert CA
  2. Name Reservation
  3. Filing of Form URC-1
  4. Getting the Certificate of Incorporation
  5. PAN & TAN

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LLP TO PRIVATE LIMITED COMPANY

Although LLPs have less compliance and less statutory cost involved into, entrepreneurs willing to expand their business and raise Equity need to have their business in most dynamic form of business which is Private Limited Company. A LLP can be converted into a Company without affecting the Capital Gains. ComplyKart is the Industry leader in the helping Corporates in complying with the Rules with passion.

What is a Limited Liability Partnership?

A Limited Liability Partnership is a hybrid type of partnership where the liabilities of partners remain limited upto the extent of their share of profit. A LLP is a new type of business launched by MCA in order to ease of doing business. It can be started with minimum 2 partners and can be increased as many. A LLP is better for entrepreneurs having small income and need less expenses and statutory expenses as it does not require Audit until the turnover reaches to 40 Lakh.

What is a Private Limited Company?

A Private Limited Company is a most sought after form of business due to its dynamic nature. A Private Limited Company is always the best choice as it is trusted by investors and stakeholders. There are many ways of restructuring a company which making it more lucrative. A Private Limited Company required only 2 persons to start with and can be increased upto 200 having limited liabilities of all of them. It is easy to get the investment in a Company and increase the Share capital of Company.

Advantages of Private Limited Company

Separate Legal Entity

Private Limited Company is considered as legal person as it is separate than its shareholders. It can sue others or can be sued. It can hold property and carry other legal capacities.

Limited Liability

The liability of shareholder of a Company remains limited which means your personal assets are quite safe. The Company is liable to pay all its debt you are protected.

Immortal

The Private Limited Company carries a dynamic nature. It does not get wind up when owners change, there can always be a transfer of shareholding.

More Trustworthy

A Private Limited Company is trusted by all the stakeholder and can borrow money easily because of its compliances and regulatory requirement

Potential to grow big

This is the most important factor. A Private Limited Company can grow well if handled with professionally. It can be restructured well and share can be increased in no time.

Procedure for Conversion

  • 1

    Partners’ Meeting

    The partners of LLP hold meeting and pass a resolution to convert their LLP into Company and apply for conversion under Section 366 of the Companies Act, 2013.

  • 2

    Obtain Name Approval

    Obtain the name approval by the Ministry of Corporate Affairs by filing RUN Form with attached Resolution of the partners of LLP. Name is approved normally in 2 days.

  • 3

    Obtain DIN of Directors

    The Director Identification number is also required to be obtained by the Directors as it is a pre-requisite to have DIN to be appointed as a Director

  • 4

    File Form URC-1

    Once the name of the Company is approved, Form URC-1 s required to be filed with mandatory documents and MOA & AOA of the Company.

  • 5

    Certificate of Incorporation

    Upon filing of necessary documents with the Ministry of Corporate Affairs, Certificate of Incorporation is granted within 4-5 days along with PAN & TAN numbers

Documents required

  • Complete List of the shareholders
  • Details of the first Directors to be appointed
  • Declaration if Form DIR-2 & DIR-8
  • List of names & addresses of partners of LLP
  • Copy of LLP agreement & Certificate of Registration
  • Consent or No objection certificate from all creditors
  • Copy of Newspaper Advertisement
  • Statement of Accounts of the Company.

    • How ComplyKart can help you

    Consulting & Strategy

    Our conversion experts will give you the best consulting and prepare the strategy for conversion of your LLP into Company

    Client’s growth

    Our services are aimed at achieving growth for clients. We can provide necessary guidance for understanding the conversion process

    Competence is our strength

    We make every effort to stay updated with the rules and regulations by MCA. This enables us to deal with client’s needs effectively

    Always there for you

    The assurance of a dedicated workforce including support staff and managers can be a promising factor in the conversion process

    Post Conversion Compliance

    Once the conversion is approved by the Authority you need to comply with certain rules which we help you to Comply and keep it running.

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