Conversion from Limited Liability Partnership to Private Limited Company
The Limited Liability Partnership is the hybrid form of Private Limited Company and Partnership firm. However, it also has some limitations attached with the Partnership firms likewise higher tax rates, lesser credibility as compared to the Private limited company. Hence, in this case, the professionals and start ups who have formed the LLP and now desiring for the funding from the Investors, then they have to convert their entity from LLP to Private Limited Company in order to attract the funding.
Benefits of conversion from LLP to Private Limited Company
Documents required for Conversion
Self-attested copy of PAN Card of the Shareholders and Directors. In case of Foreign nationals, a valid passport is required.
Self-attested copy of Identity proof of the Shareholders and Directors (Aadhar card, Driving Licence, Voter ID, Passport)
Self-attested copy of Address proof of the Shareholders and Directors (Latest electricity bill / telephone bill / bank statements)
Latest photographs of Shareholders and Directors.
Address proof of Registered business premises (Latest electricity bill / telephone bill)
Rent agreement in case the premises is leased or rented.
NOC from the owner of the property.
Latest copy of the Income tax return of the LLP