Conversion of LLP into Private Limited Company Online
Every company starts with the proposition of growing and leading in the market. If a company starts with an LLP, it should be upgraded to a private limited company or public limited company to avail of the enhanced benefits. If any LLP company wants to convert it to a private limited company for enhanced facilities, it needs to follow some specific compliances. With the growth of the company, you must increase the funds from investors. A private limited company is a step ahead of attracting investors. We at SP Legal Consultants help plan necessary legal compliance in converting an LLP into a Pvt. Ltd. Company.
Due to a few compliance requirements, most small businesses and startups prefer a Limited Liability Partnership (LLP) to a Private Limited Company. However, when it grows its profit and capital and wants to expand, it needs to increase shareholders. The primary benefit of LLP to Pvt Ltd conversion is that it can transfer shareholders easily.
If you want to convert your existing LLP into a private limited company, contact SP Legal Consultants and stay confident that the entire application filing process will go on correctly. Contact us now.
Eligibility Criteria for the Conversion of LLP to Pvt. Ltd Company
- The LLP must have at least 2 partners for its conversion
- Approval of all partners is essential to converting from an LLP to a Company
- The existing LLP needs to file a Statutory Return and LLP Agreement
- The LLP name will be replaced by the name suffixed with “Private Limited.”
- The contribution to the LLP will be considered as the capital for the company.
Steps to Convert LLP into a Private Limited Company
The following steps are essential to follow for compliance for LLP to Private Limited company conversion:
Consent of all Partners of the LLP
The process starts with a meeting among partners to get approval for converting the LLP to a Private Limited Company. Approval of all partners is essential. Among them, only 2 partners need to be authorized to collect consent for LLP conversion.
Publication in Newspapers
The conversion must be disclosed in at least two newspapers—one in a vernacular language and the other in English. The announcement should be published for 21 consecutive days before filing URC-1.
NOC from ROC and Creditors
A No Objection Certificate (NOC) is required from the Registrar of Companies and Creditors, and it must be unconditional.
Name Reservation via RUN
RUN (Reserve Unique Name) is an e-form introduced by the Ministry of Corporate Affairs for name reservation. The application is submitted to the ROC.
E-filing of Forms
Within 30 days of name reservation, URC-1 must be filed along with SPICe Plus, eMoA, eAoA, and DIR-2. Upon approval, a new certificate of incorporation is issued.
Required Documents
- ✅ List of Partners with details
- ✅ Declaration of directors’ confirmation
- ✅ An affidavit from all partners for entity dissolution
- ✅ Newspaper Advertisement
- ✅ LLP Agreement
- ✅ Certificate of Registration of the LLP
- ✅ Income Tax Return Copy of the LLP
- ✅ NOC from ROC and Creditors
A cup of coffee with us could be the first step toward securing your legal interests and strengthening your business for the future.
A cup of coffee with us could be the first step toward securing your legal interests and strengthening your business for the future.
Why Convert Your LLP to a Private Limited Company?
1. Enhanced Credibility & Growth
Transitioning to a private limited company boosts credibility, helping you attract investors and expand your business.
2. Tax Benefits & Loss Carry Forward
Your LLP's accumulated losses and depreciation benefits are seamlessly transferred to your new private limited entity.
3. Better Access to Funding
Investors prefer private limited companies due to regulatory compliance and structured governance.
4. Employee Stock Options (ESOP)
Offer ESOPs to attract and retain top talent, ensuring employee growth alongside the company's success.
5. No Capital Gains Tax
The transfer of assets during conversion does not attract capital gains tax, making it a cost-effective process.
Conversion Package for LLP to Pvt Ltd
One-time Charge
₹9,999+18% GST
- LLP to Pvt Ltd Conversion
- Call, Chat, Email Support
- No Hidden Charges
How do we work?
1.
Associates Collect Information
2.
Payment Is Done!
3.
Collect Documents From You
4.
Our CA/CS Apply Online For You
5.
Waiting for ROC Approval
6.
We Track Your Application
7.
Congrats! LLP is successfully converted to Pvt. Ltd. company
1.
Associates Collect Information
2.
Payment Is Done!
3.
Collect Documents From You
4.
Our CA/CS Apply Online For You
5.
Waiting for ROC Approval
6.
We Track Your Application
7.
Congrats! LLP is successfully converted to Pvt. Ltd. company
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What Sets Us Apart?
ISO Certified
1 Lakh+ Happy Customers Across India
Data Security & Trust
Super Fast Service
Trained & Professional Experts
On Time Service
Quick Response Team
Affordable Than Other Professionals
