Conversion of LLP to Private Company
Converting a Limited Liability Partnership (LLP) to a Private Limited Company involves a series of steps to comply with regulatory requirements. First, evaluate the benefits of conversion, such as enhanced capital-raising capabilities and a more formal corporate structure. Obtain approval from the LLP partners and prepare a board resolution for the conversion. Draft and file the necessary documents with the Registrar of Companies, including an application for conversion and a revised Memorandum of Association (MOA) and Articles of Association (AOA). Transfer assets, liabilities, and contracts from the LLP to the new Private Limited Company. Ensure compliance with company regulations and update legal records accordingly
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