Conversion of Company into LLP
26 July 2017
Limited Liability Partnership (‘LLP’) as an entity offers not only the benefits of a partnership firm but also the status of a body corporate.
LLP mitigates certain disadvantages of a partnership firm and a company while encapsulating the benefits of both legal structures. With Foreign Direct Investment (‘FDI’) permitted in an LLP and allowance of conversion of existing Company into an LLP through regulatory reforms, it provides a benchmark for doing away with any kind of apprehensions for LLP as an entity. This makes it one of the most promising entity structure.
We at BDO India, have an experienced team which, with its solution driven approach, can help organizations strategize upon the appropriate structure for them adding value to their business.