Conversion of Private Company Into LLP

• September 22, 2020
• CA Chandan Agarwal's Office

Limited Liability Partnerships (LLP) are emerging ever since the introduction of the Companies Act, 2013.

The LLP is a separate legal entity, liable to the full extent of its assets but the liability of the partners is limited to their agreed contribution in the LLP. LLPs are preferred form of business as it is an alternative corporate business vehicle that provides the benefits of limited liability of a company and allows its members the flexibility of organizing their internal management on the basis of a mutually arrived agreement, as is the case in a partnership firm. In this article conversion process of Private Company into LLP is discussed:

Read more on: https://taxguru.in/company-law/conversion-private-company-llp.html