conversion from a Private Company into a Limited Liability Partnership in the simplest way.Here, we are going to discuss the process of conversion.

1. Do you want to know the conversion from a
Private company into an LLP?
Let’s have a look at the concept of conversion from a Private
Company into a Limited Liability Partnership in the simplest way.
Here, we are going to discuss the process of conversion.
Before discussing the process, let me tell you the advantages when we
do the conversion of a company into an LLP.
http://www.onlinecompanyregistration.in/llp-registration-coimbatore.php

2. Conversion of a Private Company into the “Limited Liability Partnership”Conversion of a Private Company into the “Limited Liability Partnership”
http://www.onlinecompanyregistration.in/llp-registration-coimbatore.php

3. Advantages of LLP:
The Limited Liability Partnership concept arrived mainly for the benefits of
entrepreneurs.
Lower the compliance and less contribution.
Liability will be very limited for the partners.
By having a separate legal entity, the LLP can sue and get sued in its own
name.
In the fast growing business sectors, LLP is the one which is more effective
and efficient in all the aspects.
http://www.onlinecompanyregistration.in/llp-registration-coimbatore.php

4. Any change in the partners
of an LLP would not affect
the rights and liabilities in
the existence of an LLP.
On the contrary, in the
traditional partnership, if
any changes in the
partners, the partnership
would dissolve.
http://www.onlinecompanyregistration.in/llp-registration-coimbatore.php
Advantages of LLP:

5. WHAT IS “CONVERSION”?
As per the LLP Act, it means a transfer of the property,
assets, interests, rights, privileges, obligations,
liabilities and undertaking the private company to the
LLP.
http://www.onlinecompanyregistration.in/llp-registration-coimbatore.php

6. Eligibility for LLP:Eligibility for LLP:
The Act provides that upon such conversion process, the
company, Shareholders, the LLP (the company which is
in conversion process) and the partners of the concern
shall be bound by the provisions and they are applicable.
http://www.onlinecompanyregistration.in/llp-registration-coimbatore.php

7. Procedure for conversion:
Before starting the process of conversion, ”Digital Signature Certificate” and
“Director Identification Number” must be obtained by all the shareholders of
the company; after getting those things, the private company into LLP must
be filed with the registrar along with the prescribed documents. They are as
follows:
The first thing is to obtain the statement by all the shareholders in such a
form and a fee which is prescribed by the Central Government.
Name and Registration Number of the Company.
Need to get a certificate which is from the tax authorities which is about
non-objection.
Financial Statement of the particular concern.
http://www.onlinecompanyregistration.in/llp-registration-coimbatore.php

8. After checking the details, the
registrar will produce a
Certificate of Incorporation of
LLP.
During the conversion
process, the private company
will be considered to be
dissolved since the properties,
assets, rights, liabilities will be
transferred to LLP.
Procedure for conversion:
http://www.onlinecompanyregistration.in/llp-registration-coimbatore.php

9. INCORPORATION DOCUMENT:
It states the following information :
LLP name
Registered office , its address, the state in
which its located.
What is the business type that is to be carried
on by the LLP?
Summary of Partners( which includes all the
details of the partners like how many of them
are get into a partnership?
The Number of Partners and the number of
bodies corporate as the partners and their
complete details.
The contribution of the partners and the total
value of that will be mentioned.
http://www.onlinecompanyregistration.in/llp-registration-coimbatore.php

10. http://www.onlinecompanyregistration.in/llp-registration-coimbatore.php