Business registration

Why Convert Partnership Company to LLP? A Limited Liability Partnership (LLP) may prove to be a much superior business structure than a regular partnership. LLP has minimal compliances, tax benefits, limited liability, separate legal entity, no audit requirements below a certain capital, no cap with regard to the number of partners, etc. Nowadays partnership firms are being converted into a Limited Liability Partnership (LLP). LLP offers a bunch of great features such as limited liability protection, transferability, unlimited partners, survivability, etc., making LLP structure more attractive than a partnership firm. The list of other benefits is as below. a)     Private assets remain secured in LLP b)     It’s easy for LLP to raise funds c)     Great tax advantages as compared to a partnership d)     No minimum capital requirement Conversion of Partnership into LLP The first thing you need to do while the conversion of a partnership into an LLP is to get a DSC (Di

A Public Company has seven or more members and can invite the public to subscribe to its shares. A subsidiary company of a Public company is deemed to be a public company. A Private company is an organization that limits its number of members to 200 and cannot invite the public to subscribe to its shares. The Companies Act, 2013 provides for converting a Public Company to a Private Company by altering the MOA and AOA of the company. The main advantage of Public companies is that it can raise reserves on a large scale without approaching the banking system and reducing debt whereas Private Companies which are privately owned, all the reserves are raised by existing members, shareholders, and promoters. If a private company goes public then the risk is also shared among the shareholders. Public companies once recorded, get indirect promotions and support through stock exchange websites where their stocks are recorded. Private to Public Limited Company It's great news that