Convert your Businessadmin2021-01-15T13:12:34+05:30
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Proprietorship to Private Company
Private limited company is popular and well known business structure it enjoys wide options to raise funds through bank loans, angel investors, venture capitalists, in comparison to Other Proprietorship. There are several benefits of conversion.
Private Company to Public Company
A Public Company can raise fund at a large scale without approaching banking system and reducing debt whereas Private Companies which are privately owned, all the reserves are raised by existing members, shareholders and promoters.
Private limited to LLP
A registered limited company in India (Private or Public) has a lot of complex formalities. Absence of such mandates for LLP combined with advantages such as non-applicability of dividend distribution tax on profit repatriation, MAT provisions, deemed divident etc.
Partnership to LLP
The Partnership Firm which wants to convert itself to LLP must be registered under Indian Partnership Act, 1932. Unregistered Partnership Firm can’t be converted to LLP. LLP incorporated by conversion of Partnership Firm to LLP must have same partners as they were in the Partnership Firm.
LLP to Private limited Company
Several LLP wishes to convert into a private limited company for more growth in business or for infusing equity capital. An LLP can be converted into a Pvt. Ltd. company as per the provisions contained in Section 366 of the Companies Act, 2013 rules thereof.
OPC to Private Limited Co.
There are 2 ways of converting an OPC into a private limited company either voluntarily or mandatorily. Under these type of conversions,necessary alterations in the MOA and AOA is required. Concerned ROC should be duly communicated regarding the change.