Shift to a low-maintenance business structure. Converting a Private Limited Company to a Limited Liability Partnership (LLP) reduces annual compliance costs and offers tax benefits like exemption from Dividend Distribution Tax (DDT).
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If a Private Limited Company is facing high compliance costs or wants to simplify its operations, it can convert into an LLP. This process is governed by the LLP Act, 2008, and involves transferring all assets and liabilities to the new LLP.
LLPs have fewer annual filings and no mandatory audit unless turnover exceeds ₹40 Lakhs.
LLPs are not subject to Dividend Distribution Tax (DDT). Profits can be distributed to partners tax-free.
The internal structure is governed by the LLP Agreement, offering more freedom than the rigid Companies Act.
Closing an LLP is generally faster and simpler than winding up a Private Limited Company.
Approve the conversion proposal and authorize directors to apply for LLP name.
Apply for name approval (usually same name with LLP suffix) via RUN-LLP.
File the application for conversion (Form 18) along with FiLLiP form.
Draft and file the LLP Agreement (Form 3) within 30 days of conversion approval.
We provide a dedicated Startup Advisor, monthly compliance status reports, and ensure 100% accurate filing at the lowest fees in the market.
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