Anyone can choose a Private limited company to build a scalable business. It’s the most famous legal structure for business. There is limited liability for all the directors, in case of bankruptcy, banks/creditors can sell only company assets but not the personal assets of directors. Due to its openness to all market scenarios, Private limited structure is very famous for small, medium and Large businesses in India. This structure Is very flexible to external funding and investment. Stock option to employees is also possible through private limited structure. A Private limited company has more credibility as compared to other incorporation structures
If you want to limit your responsibilities, planning to get external funds /investment and want to be more credible in the market, then Private Limited Company (Pvt. Ltd) might be the best option to go with.
1. Connect to Corpseed
2. Provide necessary documents required for converting Partnership to Private Limited Company
3. Our expert CA will help you to convert your Partnership to a Private limited company
Step 1: Contact Corpseed team, provide the necessary documents to initiate the conversion process.
Step 2: We will assign a dedicated and skilled resource to process your request for conversion.
Step 3: Apply for DSC & DPIN
Step 4: Apply for Company Name Reservation
Step 5: Draft Articles of Association and Memorandum of Association
Step 6: Apply for Company PAN
Step 7: Apply for Corporate Identification Number (CIN)
Step 8: We will apply for Incorporation certification.
Step 9: Once your Private Limited is incorporated, we will send you all the documents and DSC’s.
Note: - Whole conversion process takes between 25-30 days and also depends upon documents provided by applicant and approval speed by the government
As per industry standards, it’s up to 15 business days but being expert in the industry, we complete the process within 7 -10 business days, unless something serious strikes in between the process
Minimum of two designated Directors
A registration certificate issued by the registrar of the Company is valid till you are meeting applicable rules & compliances.