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Conversion of Proprietorship to Private Limited Company
- Affordable Price
- Digital Signature & DIN for Directors
- Name Search Approval
- Company PAN Card
- MOA/AOA
- Fast & Online Process
- 100% Customer Satisfaction
- Ideal for Growing Businesses
A proprietorship, often known as a sole proprietorship, is a company that is managed by a single individual. There are no management concerns because a single proprietorship is handled by a single person.
If your company expands and its liabilities increase, you can change your proprietorship into a private limited company. In order to move forward with the conversion procedure, an individual must have or enter into a written agreement. Because this is a challenging and drawn-out process, you can seek the help of a legal counselor from Ariscorp.
- Affordable Price
- Free Lifetime Consultations
- Name Search Approval
- Digital Signature & DIN for Directors
- LLP Agreement
- Company PAN Card
Conversion of Partnership firm to LLP
After the LLP Act was introduced in 2008, a number of partnership firms started converting to LLPs. Conversion has many advantages, including the flexibility to accept an unlimited number of partners, the formation of a new legal entity, limited liability, and ease of ownership transfer. Due to these advantages, LLPs are becoming more and more common among small and medium-sized businesses.
The Indian Partnership Act, 1932 mandates registration for Partnership Firms wishing to convert to LLP status. A partnership firm that is not registered cannot be converted to an LLP. An LLP that was created by transforming a partnership firm into an LLP must have identical partners. Therefore, it is advised that the Partnership Firm retire each and every Partner who has that additional partners be added after LLP has been created, and that some partners do not choose to be a part of LLP.
However, the aforementioned process must be carried out in accordance with a proper procedure, and a legal advisor from Ariscorp may be able to assist you with this.
Conversion of PVT LTD Company to Public Limited Company
Private limited companies have a lot to offer on their own, but in order to scale more easily, every private limited company eventually wants to go public. Both private limited companies and public limited companies offer the concept of an Initial Public Offering (IPO) and have shares for the general public. An IPO removes the restriction on share transferability that applies to private limited corporations. In contrast to a privately owned private firm where all reserves are raised by the company’s present members, shareholders, and promoters, a public corporation can raise reserves on a large scale without using the banking system and reduce debt. If the risk is shared by the shareholders a private business goes public. On the websites of stock exchanges, public businesses that have their shares listed are given indirect support and advertising. To benefit from the advantages of Conversion of PVT LTD Company to Public Limited Company, get in touch with Ariscorp.
- Affordable Price
- Free Lifetime Consultations
- Name Search Approval
- Digital Signature & DIN for Directors
- LLP Agreement
- Company PAN Card
