Business Entity Conversion Services – Custom Quote
As your business grows, your initial structure may no longer be optimal for tax efficiency, liability protection, fundraising, or operational scale. FinLegit provides expert business entity conversion services tailored to your specific requirements. Contact us for a custom quote based on your current and target structure.
Conversions We Handle
- Proprietorship to Private Limited Company: Transfer of business via slump sale or as going concern; DSC, incorporation, and transfer agreements handled
- Proprietorship to LLP: Transfer of assets and liabilities under Schedule III of the LLP Act
- Partnership Firm to LLP: Deemed conversion under Section 55 of the LLP Act without dissolution
- LLP to Private Limited Company: Via fresh incorporation or NCLT application
- OPC to Private Limited Company: Mandatory when paid-up capital exceeds Rs 50 lakh or annual turnover exceeds Rs 2 crore
Why Convert Your Business Structure?
- Limit personal liability and protect personal assets
- Enable external equity investment and investor participation
- Improve brand credibility and corporate governance standards
- Optimise tax structure under corporate tax rates
- Prepare for institutional funding, bank loans, or public listing
FAQ
Is conversion from proprietorship to company tax-neutral? Yes, if conditions under Section 47 of the Income Tax Act are met – the proprietor becomes a shareholder with at least 50% shareholding and holds shares for 5 years. FinLegit coordinates with your chartered accountant to structure the conversion correctly.
What happens to existing contracts and licences on conversion? Existing contracts, GST registration, bank accounts, and licences need to be transferred or updated in the name of the new entity. FinLegit guides you through this transition.
Reviews
There are no reviews yet.