The conversion of an LLP (Limited Liability Partnership) to a Private Limited Company is a process that allows a business to change its legal structure from an LLP to a Private Limited Company. This process can be done online, and it involves various steps and legal formalities.
To initiate the conversion process, the LLP must obtain a Digital Signature Certificate (DSC) and Director Identification Number (DIN) for all its designated partners. The next step is to obtain a new name for the company, as the name of an LLP cannot be the same as that of a Private Limited Company. Once the new name is approved, the LLP needs to file an application with the Registrar of Companies (ROC) for the conversion, along with the necessary documents, such as the Memorandum of Association (MOA) and Articles of Association (AOA) of the new Private Limited Company.
Overall, Conversion of LLP to Private Limited Company can provide various benefits, such as limited liability protection to the shareholders, better access to funding, and greater operational flexibility. It is important to seek professional advice and ensure compliance with all legal requirements before undertaking this process.
We provide professional assistance to businesses seeking to convert their Private Limited Company to an LLP in India. Our team of experts is well-versed in the process and can guide you through every step, from obtaining the requisite certificates and documents to filing the necessary forms with the Registrar of Companies (ROC). We can also help ensure that you are fully compliant with all legal and regulatory requirements during the conversion process.
Documents required For LLP Conversion to Private Limited
When you choose Legal Dev us as your service provider for the Conversion of LLP into a Private Limited Company Online, you can trust that you are in good hands. We prioritize communication and collaboration with our clients to ensure that all aspects of the conversion are handled with precision and care. Contact us today to learn more about how we can help you with your conversion needs.
Obtain a Digital Signature Certificate (DSC) and Director Identification Number (DIN) for all designated partners, conduct a name search, file Form URC-1 with the Registrar of Companies (ROC) along with necessary documents, obtain a certificate of registration, and close down the LLP by filing Form LLP-24 with the ROC.
The LLP agreement, statement of assets and liabilities, and consent of the shareholders
Yes, a Private Limited Company can be converted to an LLP.
The main advantage is that an LLP offers limited liability to its partners, which means that their personal assets are not at risk in case of business losses or liabilities.
A service provider can assist with obtaining the necessary certificates and documents, filing the necessary forms with the ROC, and ensuring compliance with all legal and regulatory requirements.
The time frame can vary, but it typically takes around 1-2 months to complete the conversion process.
The cost can vary depending on various factors such as the size of the company, the nature of the business, and the complexity of the conversion process. It is recommended to consult a service provider for an accurate estimate.