Willing to convert your business from LLP to Pvt. Ltd. but don’t know how?
The new Companies Act, 2013, it is now possible to convert an LLP to Private Limited Company. This results in a plethora of new compliances to be followed. Also, the process to convert an LLP to a Pvt Ltd could get tedious.
But this change is necessary to grow the entity and raise equity capital from the public. How to make this conversion process smoother? Is the transfer of business a better option than to convert an LLP into Pvt Ltd? What are the pros and cons if we chose a transfer over conversion?
Sharda Balaji has expertise as an in-house attorney in various MNCs closing a wide range of deals. Also, she is a CS and founder of law firm NovoJuris. Moreover, she donned roles of legal counsel, founder, angel investor, Independent director, and trustee. Sharda has nurtured many young entrepreneurs through their start-up journey.
This Start-up 101 series is a guidebook for business to novice entrepreneurs. Here are solutions for hundreds of questions you ever had and even for ones you haven’t thought of. In short, we have condensed huge experience of various mentors and founders into a handy, user-friendly manual.