Private Limited Company to LLP

What is Private Limited Company to LLP Overview

A registered limited company in India (Private or Public) has a lot of complex formalities and incurs additional overheads for managing affairs including mandatory board meeting, maintenance of statutory records, filling of e-forms with MCA etc. Absence of such mandates for LLP combined with advantages such as non-applicability of dividend distribution tax on profit repatriation, transfer of profit rules and deemed dividend profit issues, makes it a profitable approach for small scale private limited companies to convert from Private Limited to LLP.

Documents Required For Private Limited Company to LLP

1. Certification of Incorporation/Incorporation Documents

2. Audited Financials and latest ITR copy along with latest AOC-4 and MGT-7

3. NOC from creditors.

4. NOC from Income tax Department/Other Department as the case may be

5. List of pending litigation

Benefits Of Private Limited Company to LLP

1. Drafting of MOA/AOA

2. Company PAN Card

3. Company TAN Number

4. GST Registration

5. Notary Charges & Cost for Stamp Paper

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