Business Conversion
When the nature of your business changes, it may present a chance for you to change from one business entity type to another. Converting a company from one business type to another requires the business owner to follow the procedure required by the company’s state of incorporation. All tax implications should also be weighed and those obligations satisfied
Picking the right company structure for your business is as important as any other business-related activity. The right business structure will allow your enterprise to operate efficiently and meet your required business targets. In India, every business must register themselves as part of the mandatory legal compliance.
There are many types of business conversions, Below are few popular business conversions in India 1. Sole Proprietorship to Pvt. Ltd. Company 2. Conversion of Pvt. Ltd. to Public Limited 3. Conversion of LLP to Private Company 4. Winding Private Limited Company 5. Closing a Limited Liability Partnership 6. Revival of Struck Off Companies