Overview
What business conversion means
Business conversion means moving an existing business into a different legal form, for example from a partnership firm to an LLP, or from an LLP to a private company. Owners usually convert to limit their personal liability, bring in investors or make the business easier to scale.
Some routes are true conversions under the law, where the same business carries on in the new form. Others work by setting up the new entity and moving the business into it. Which applies depends on where you start.
Routes
Conversion routes we handle
Each route has its own law, filings and conditions. We confirm the route for your business before anything is filed.
| Route | What changes | Main filing |
|---|---|---|
| Partnership firm to LLP | The firm becomes an LLP. Partners become designated partners or partners of the LLP, and their liability becomes limited. | Incorporation of the LLP with the conversion form under the LLP Act. |
| Proprietorship to private company | A new private company is formed and the proprietor's business moves into it. The proprietor usually becomes a shareholder and director. | Company incorporation, then a business transfer to the company. |
| Partnership firm to private company | The registered firm is registered as a private company, and the partners become its shareholders. | Registration of an existing firm as a company under the Companies Act. |
| LLP to private company | The LLP is registered as a private company, and its partners become shareholders. | Registration of an existing LLP as a company under the Companies Act. |
| OPC to private company | The one person company becomes a private company with more members and directors. | Conversion of the OPC under the Companies Act. |
Not sure which route fits? Our expert compares them for your business on a free call.
What's included
What our business conversion support includes
Complianto professional feeContact our team for the fee for your case
Government feesExtra
- The fee depends on the route and the size of the business.
- We confirm the total before we start.
Owners
Documents of the owners
- PAN and Aadhaar of each owner, partner or member
- A recent address proof and photo of each proposed director or designated partner
- Email address and mobile number of each of them
- Written consent of the owners to the conversion
Business
Documents of the existing business
- Registration certificate and deed or agreement of the firm, LLP or OPC
- Recent financial statements and a statement of assets and liabilities
- GST and other registration certificates
- Proof of the registered office address and a no-objection letter from the owner
Each route has its own list. We tell you exactly what to send for yours.
Process
How business conversion works with Complianto
- 01
Fill the form
Tell us your current structure, the owners and the structure you want.
- 02
Route check
Our expert confirms the route and lists what must be cleared first, such as pending returns or consents.
- 03
Share documents
Send clear scans. We check them and draft the documents for your route.
- 04
Filings
We apply for the name and file the conversion or incorporation forms, and follow them up.
- 05
Update records
Once the new entity is registered, we help you update PAN, GST, bank and other records.
After conversion
Running the converted business
- Straight afterUpdate or obtain PAN and TAN, GST registration, bank accounts, licences and contracts in the new name.
- If you converted to an LLPAnnual LLP filings and tax return. See LLP registration for how LLPs work.
- If you converted to a companyBoard meetings, the statutory audit and annual company filings. See private limited company for how companies work.
- Every yearIncome tax return of the new entity. See income tax return filing.
Which business structures can be converted?
We handle partnership to LLP, and proprietorship, partnership, LLP or one person company to a private company. Each route has its own conditions.
Can a proprietorship be converted directly into a company?
Not in the same way as a firm or LLP. A new company is formed and the proprietor's business is transferred to it.
Do I need to close the old business first?
It depends on the route. We confirm the current requirement for your case before filing.
Will my business keep its assets and contracts?
In a statutory conversion, the business carries on in the new form. Contracts, licences and bank accounts still need updating in the new name.
Do I need a new GST registration?
It depends on the route. A change of legal form often changes the PAN, which needs a new GST registration. We check this for your case. See GST registration.
Is there tax to pay on conversion?
Some conversions can be tax-neutral if conditions are met. Others can create a tax liability. Your appointed CA reviews this before you convert.
Can an OPC become a private company?
Yes, by adding members and directors and filing for conversion. See one person company registration for how OPCs work.
Is Complianto a government body or a CA firm?
Neither. Complianto is a compliance facilitation platform operated by Mentorcorp Private Limited. You can also apply directly on the official portal without our fee.
More services
Services for growing businesses
LLP Registration
Start a new limited liability partnership.
Private Limited Company
Register a new company.
One Person Company
A company with a single owner.
GST Registration
Register the new entity for GST.
Increase Authorised Capital
Raise the company's capital limit.
Bookkeeping and Accounting
Books for the new entity.
