Conversion of Private Limited Company into LLP
A private limited company is the company, where the primary source of funds is from the owners and the relatives of the owners of the company only and not from outsiders.As they are economical in nature and there is no dilution of control of the owner.It is a voluntary association of at least two and not more than 200 members, whose liability is limited. Whereas, LLP is a unique form of legally recognized corporate entity, which integrates the features of both the limited corporations and the traditional partnership firms. As it is a unique Hybrid Combination of both Company and Partnership, this LLP is especially suitable for small to medium-sized business enterprises and professionals particularly. Further as compare to Private Limited Company, cost of maintaining LLP is very in the Limited Liability Partnership, and some time is become essential and beneficial to convert private limited company into LLP. We, at Complainceship, having the experience of more than 10 years of converting Private Ltd. Company into LLP, provide full fledge assistance to the entrepreneur in converting its private Company into LLP without any hassle and help them in achieving their dreams.
