Distinct legal status Maintenance of Brand Value Simple Fundraising Unabsorbed depreciation and losses carried forward Employee Stock Ownership Program with Limited Owner Liability.

The SPICe form can be used to apply three DIN.

An LLP may be transformed into a Private Limited Company in accordance with the provisions outlined in Section 366 of the Companies Act, 2013, and the Company (Authorized to Register) Rules, 2014.

Debt financing, such as a term loan or bank overdraft, is possible in the event of LLP.

Tax advantages are believed because they are registered with the Ministry of Corporate Affairs and can be applied to an unlimited number of owners or partners. In addition to being less expensive to start and manage than a private limited company, it also carries less compliance."

In case of more than 7 partners in the LLP at the time of conversion into Company then Company have to file Scan copy of physically prepared MOA & AOA."

In above mentioned situation company have to file 1. URC-1 and 2. INC-32. No need INC-33 and INC 34 in the above mentioned situations."

There is no minimum capital requirement in LLP. An LLP can be formed with the least possible capital.

File an affidavit, duly notarised, from all the partners to provide that in the event of registration, necessary documents or papers shall be submitted to authority with which the firm was earlier registered, for its dissolution as partnership firm consequent to its conversion into private limited company.

It offers limited liability, offers tax advantages, can accommodate an unlimited number of partners, and is credible in that it is registered with the Ministry of Corporate Affairs (MCA). At the same time, it has less compliance than a private limited company and is also significantly cheaper to start and maintain.