LLP to Private Limited Company

ABOUT LIMITED LIABILITY PARTNERSHIP (LLP) TO PRIVATE LIMITED COMPANY

In India, private companies are one of the most common forms of business structure. They provide higher chances of growth, development and are best for raising equity capital which is not possible in case of LLP. LLP structure is not suitable if the owners require venture capitalist or private equity investors to invest in their company as they would choose to invest in a private limited company and not a partnership or LLP.

The second reason for conversion is the that the FDI in case of a private limited company does not require any approval it can be done directly unlike in an LLP. Especially if the promoters or owners of the company are NRI’s or a foreigner incorporating a private limited company is a preferable choice over an LLP. Hence conversion is mandatory if the above-mentioned requirements need to be fulfilled.

DOCUMENTS REQUIRED

• • PAN Card

• • PAN Card of shareholders and Directors.
  • Foreign nationals may provide a passport.
  • Identity Proof
  • Voter ID/ Passport/ Driving License of Shareholders and Directors
  • Address Proof
  • Telephone Bill /Electricity Bill/ Latest Bank Account Statement of Shareholders and Directors Photograph
  • Latest Passport size photograph of Shareholders and Directors
  • Business Address Proof
  • Electricity Bill/ Telephone Bill of the registered office address
  • NOC from owner
  • No Objection Certificate to be obtained from the owner(s) of registered office
  • Rent Agreement
  • Rent Agreement of the registered office should be provided, if any
  • Note:In case of NRI or Foreign National, documents of director(s) must be notarized or apostilled.
  • Copy of ITR:  A copy of the latest income tax return filed by the Limited Liability Partnership.