converts LLPs into Pvt.Ltd.Companies.
This is a conversion that has been gaining popularity in India. Businesses are looking to achieve greater scalable and investor opportunities. Limited Liability Partnerships(LLP) are ideal as a small business. As organizations grow and need a structured corporate entity, the desire to convert LLP into a Pvt. Ltd. company arises. This transformation increases credibility and also attracts external investors.
Why choose LLP Conversion to Pvt. Ltd.
1. Attracting investment: Private limited companies are preferred to venture capitalists, banks, and investors because of the better transparency and compliance.
2. Limited Liability – While LLP offers limited liability for its shareholders, a Private Limited Company has better governance.
3. Scalability : The conversion of LLP into Pvt Ltd allows companies to issue shares. This is vital for scaling operations.
Conversion of LLPs into Private Limited
CompaniesCompanies Act, 2013 has specific steps that must be followed to convert LLPs in Pvt. Here are some of the key steps.
1. Approval of a Name: Reserve a company name by using the Ministry of Corporate Affairs RUN (Reserve UNIQUE Name) service.
2. Digital Signatures. Get Digital Signature Certificates (DSCs), and obtain them for all directors.
3. Filing of the Application: You must submit all the required documents, such as the Memorandum of Association or Articles of Association.
4. The Registrar of Companies, after verifying that the LLP is a Pvt. Limited, will approve its conversion.
Documents necessary for LLP-Pvt Ltd conversion
Why choose ASC Group Conversion Services
ASC Group simplifies LLP to Pvt.Ltd conversion by providing complete services. Our team of specialists ensures compliance with the legal requirements, including ROC filings. We help companies to transition smoothly from LLPs into Private Limited Companies.ASC Group is available to assist at 9999043311.