LLP to Private Limited
In India, private companies are one of the most widely recognized types of business structure. They give higher possibilities of development, improvement and are best for raising value capital which is unimaginable if there should arise an occurrence of LLP. LLP structure isn’t reasonable assuming the proprietors require financial speculator or private value financial backers to put resources into their organization as they would decide to put resources into a private restricted organization and not an association or LLP. The second justification behind change is the that the FDI if there should arise an occurrence of a private restricted organization requires no endorsement it very well may be done straightforwardly dissimilar to in a LLP. Particularly on the off chance that the advertisers or proprietors of the organization are NRI’s or an outsider fusing a private restricted organization is a best decision over a LLP. Consequently change is obligatory assuming the previously mentioned necessities should be satisfied.
Document Required
- PAN Card
- Identity Proof
- Address Proof
- Photograph
- Business Address Proof
- NOC from owner
- Rent Agreement
- Copy of ITR
- Note: In case of NRI or Foreign National, documents of director(s) must be notarized or apostilled
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Benefits of converting LLP into Private limited company
- Easy Fund raising
- ESOPs to employees
- Separate Legal Existence
- Limited Liability of Owners