Conversion of LLP into Private Limited Company
The entire world is gradually drifting towards one global market without any trade barriers between the countries. The emergence of corporate work culture and promotional startup benefits, a great chunk of entrepreneurs are looking forward to corporatization. This step can be initiated in 2 ways as enumerated below:
1. Incorporation of a new Company.
2. Conversion of existing entity (e.g. LLP) into a Company.
The 2nd option of conversion of Limited Liability Partnership into a Company might be practical for the existing entities to switch over from one mode of business to another. The process of conversion is a step by step procedure, which is a technical process but if handled with expert knowledge may be time and cost saving, as well.
We, Compliance Hands,a team of more than 50 qualified professionals like CA, CS, Advocates etc, having experience of more than 5 years of handling task like this and have completed more than 2000 projects. We ensure are the all the compliance on time and you can carry on your business without any hiccups.
1. LLPs do not have the concept of shareholders that’s why Company is more suitable to get investment from Venture Capitalist, Investors.
2.Lesser Tax Liability as compare to LLP.
3.Foreign Direct Investment (FDI) in a private limited company is under the automatic route whereas FDI in LLP is under the approval route.
4.Tax credit in respect of tax paid on deemed income relating to certain companies (i.e. MAT credit U/S 115 AA).
5.The penalty for non-compliance or late filing of documents is lesser on Company as compare to LLP.
6.Private limited company offers its promoters a better image or standing than that of a LLP.
1. LLP there is no concept of dividend distribution tax. Whereas, for a Private Limited Company, dividends are taxed at 15%.
2. In LLP, there is no concept of Board Meetings or Annual General Meetings. So annual compliance is comparatively lesser.
“The way to get started is to quit talking and begin doing.” – Walt disney
Why Choose US
Great Customer Support
Money Back Guarantee
Expert Professional
500 + clients
Conversion of LLP into Private Limited Company
Get In Touch
- E-104, Sanjay Colony, Chattarpur, Delhi
- 91 7733883387
- [email protected]
Follow Us
Our Statistics
pROJECTS
1000
+
pROFESSIONAL
10
+
Experiance
1
+ Yr
