For first time entrepreneurs, a private limited company holds a big place. It gives them a way to gain more funds. Its structure is suitable for almost any kind of business in India. That being said, when you see at some of the old business like Earnest and Young, you notice that it’s an LLP. For anyone who cares, it’s a global Fintech organization that has been active for decades.
Such phenomena can make one think of converting a private limited company into an LLP. If you think the same, we are presenting you with the steps to do so.
The process to convert Pvt ltd to LLP will eradicate the identity of a company. At the same time, it will transfer the name to an LLP. The procedure contains the following steps:
When you convert your private limited company into an LLP, the following effects take place:
For further details about LLP registration or conversion from Pvt Ltd to LLP, contact our experts.
Hey there, I'm Dushyant Sharma. With the extensive knowledge I've gained in past 8 years, I have been creating content on various subjects such as banking, insurance, telecom, and all the important registration and licensing processes for various companies. I'm here to help everyone with my expertise in these areas through my articles.
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