A Sole Proprietorship is an easy structure to start your entrepreneur journey, but it might create obstacles in your future growth. If you’re looking to add partners in your business to have more diversity in thoughts, but don’t want too much of disturbance, in the way of compliance, structure or cost, it is wise to switch to an LLP.
If you don’t want to take responsibility or liability for another partner's misconduct, incompetence or negligence and also want to limit your liabilities for the debt and losses. If you want to enjoy tax benefits, then LLP might be the best option to go with.
Shields personal assets from business liability
The LLP continues to exist even after the death of the Partner
Separation of your business from your personal money
A highly flexible management structure
No Audit by a Chartered account if turnover is less than Rs.40 Lac
No Audit if Capital contribution is less than 25 lac
Corpseed procedure for Conversion
Step 1: - Contact Corpseed team, provide 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: - We will help you with Preliminary Documentation:
Ascertaining document requirement and availability
Preparation of documents
The signing of the Incorporation documents by Promoters
Submitting the Signed documents to ROC
Step 4: - We will verify your company name, apply for DSCs & DIN.
Step 5: We will apply for Incorporation certification.
Step 6: - We will draft LLP Agreement, stamping it & file for Incorporation
Step 7: - Once your LLP is incorporated, we will send you all the documents and DSCs
Note: - Whole conversion process takes between 25-30 days and also depends upon documents provided by applicant and approval speed by the government
Download free legal guide on how to successfully start and manage business in India & achieve 100% compliance.
4.1 average based on 192 reviews.
I would like to thank for professionalism and efficiency. Your assistance and sound advice has allowed me to compute my tax bill in efficient and prompt manner.
Sun Line Communications Systems
What I liked most is the reporting method and the proper communication by CORPSEED team & delivery of services on time.
CEO and Principal Consultant at Advance Innovation Group
We are very pleased with the quality of service your company provides. We sincerely appreciate your work and the way you conduct business.
Founder and CEO at Skill Development Council of India
I have found CORPSEED to be quietly dedicated efficient, providing good value for services relating to company formation in Singapore!
CEO - ByKie
"I just experienced possibly the very best customer service provided by CORPSEED as they provided point to point details of their services."
AVP Services at Liqvid
"I heard about CORPSEED through a friend and I came to know that they are providing service of AYUSH and they assisted me for product and I am very about it."
"Thanks for the prompt response to my request, I really appreciate it. Moreover, your service charges on company formation are reasonable enough for new start-up company like us."
Samarpan Herbs Life
"We are very pleased with the service and professionalism provided by CORPSEED. In addition to registration, accounting and tax services you have assisted us with advice to better operate our Us business."
Founder - Mittre India
"Really happy with the services provided by CORPSEED as they not only deliver the product on time but also suggest other innovative services which will give add on to your business."