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ADVANTAGES  OF CONVERSION  OF PARTNERSHIP/LLP INTO PRIVATE LTD. CO.

  1. Reduced risk exposure – Limited liability of owners

  2. Ideal for expanding the business – No limits on the number of partners

  3. Audit procedure , governance and better investor confidence 

  4. No capital gain tax on conversion 

  5. Ability to undergo mergers, amalgamation 

  6. Perpetual  succession 

DISADVANTAGES OF CONVERSION OF PARTNERSHIP /LLP INTO PRIVATE LTD. CO.

  1. Separation  of  ownership 

  2. Compliance formalities 

  3. Ownership rights  are not transferable easily

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