An alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership is known as limited liability Partnership (LLP). The LLP can continue its existence irrespective of changes in the partners; it is capable of entering into a contract and holding property in its own name. Mutual rights and duties of the partners within an LLP are governed by an agreement between the partners or between the partners and the LLP as the case may be.
LLP contains elements of both ‘a corporate structure’ as well as ‘a partnership firm structure’ LLP is called a hybrid between a company and a partnership.
It is a form of business which is came into existence through the LLP act 2008. It is a form of business having separate legal entity, is liable to the full extent of its assets but the liability of the partners is limited to their agreed contribution in the LLP.
Under section 2 (68) of company act, 2013 Private company mean company incorporated under company’s act 2013 having paid-up share capital as may be prescribed, and which by its articles, —
Provided that where two or more persons hold one or more shares in a company jointly, they shall, for the purpose of this clause, be treated as a single member:
Provided further that-
It is a form of business which is came into existence through company's act. It is a form of business having separate legal entities form its promoter just like other forms of company. The main advantage of a Private limited form of company is that the financial liability of a shareholder is limited to their shares.
One person company can convert itself into a private limited company after complying with the provision led down under company law 2013.
There is the provision of conversion of existing LLP into a Private Limited Company after complying the provision led down under the act.
Advantages of Conversion;
Call or WhatsApp us on +91-99991-39391 for free consultation from our team of experts. You can also email us on reach@corpzo.com.
We share the detailed and reasonable estimated costs, documents and prerequisites for the complete process before starting the process to ensure transparency.
Our team warrants hassle free documentation. We collect the necessary documents and share the relevant drafts to ensure a timely filing and delivery.
Upon collecting the necessary documents and information, we waste no time in preparation and filing of your application. development on your application is brought to your attention.
On successful completion of the case we share all the relevant documents electronically and physically along with an assurance to pay you back if something is wrong.
Under section 2 (62) of company act 2013 One Person company mean company incorporated under company’s act 2013 having only one person as a member. It is new form of business which is came into existence through companies act in year 2013. It is form of
As per companies act 2013, a private limited company is a company incorporated under this act or previous act having a restriction in articles for not transferring its shares to the public and the maximum number of members is not more than 200. Were as a
An alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership is known as limited liability Partnership (LLP). The LLP can continue its existence irrespective of changes in the partne
The company incorporated under section 8 with objectives such as the promotion of commerce, art, science, sport, education, research, social welfare, religion, charity, and environmental protection or any other object, shall use its revenues if any, or an
As per the business strategy company wishes to convert them into an LLP and the governing section for Conversion of Company into LLP is section 56, Third Schedule and Fourth Schedule of the LLP Act, 2008.
Bespoke advisory focused on mission critical legal, financial and business aspects.
Uniquely repurpose strategic core competencies with progressive content. Assertively transition ethical imperatives and collaborative manufactured products.
Write About UsProfessional and trusted service, my company needed certification from the state excise in the State of Telangana and CORPZo were so professional in their approach, be it filing of part 3 and 4 of MSME or application process with the state exice that it made my life easy.
Will always look to a team which is knowledgeable particularly when it comes to the field of alternative medicine. I had spoken to many including the government offices but was confused how to proceed with setting up of my pharma unit, CORPZo had the right professional guidance available.
They believe in transparency in business and give high regard to Customer Satisfaction. Love to work with them and Highly Recommended
I needed to apply for business related registration and receive some certificates. Their service is very professional. I researched in the market and found that they are very cost effective, so initially I was a bit doubtful, but, for my surprise, they are better than some of the big house.
Awesome and excellent services provided to me. Great and polite gestures with full professional behavior . Have got my company incorporated by corpzo. It was done within a week and have been using their accounting services ever since. They have been a real boost to my business.
© 2023 Corpzo Ventures Private Limited.