Conversion of Private limited company into LLP
Is it possible to get the conversion of the company into LLP in Bangalore? Will it be beneficial for the people attached to it? For this first of all let’s understand certain terms. A private limited company is a type of business where a minimum of two people can start a business with the registration under the act 2013. Pvt. Ltd. Company has a separate legal entity and limited liability of members. Limited liability partnership is also a type of business that came into the market in 2008 .limited liability market is is is registered under act 2008. It introduced in the et to start business easily and run in better way .its gives the benefits of both: - partnership and Pvt. ltd company. Why LLP is better than Pvt. Ltd company: - If you want to start your business with less compliance and legal formalities and want to LLP is here for you. LLP is only for covering the disadvantage of Pvt. Ltd. Company. An LLP has some major highlighted benefits which are mention here: - Audit- LLP i...