Even though Limited Liable Partnerships(LLP) come with its own set of great advantages, the line starts to blur as the sales turnover and the capital contribution goes north of Rs.40 Lakhs and Rs.25 Lakhs respectively.
Hence it makes little to no sense to keep your legal structure as an LLP when you can gain more benefits by converting it to a Private Limited Company. In this article, we’ll discuss the documents you’d need for making the conversion happen.