Equity Governance Framework · ValueReady Layer

Entity Conversion

LLP to Private Limited, Proprietorship to Company, or Private to Public - converting your entity structure as your funding, equity or scale needs change.

Most common: LLP to Pvt Ltd

Triggered when a business wants to raise equity funding or issue equity incentives - LLPs can't easily do either.

Tax implications apply

Conversion can trigger tax events depending on structure - this needs to be modeled before proceeding.

New PAN, same business

Converting to a company structure typically requires a new PAN, even though operations continue seamlessly.

Contracts need novation

Existing contracts, licenses and bank accounts typically need to be transferred to the new entity.

What's Included

Structured for what comes next.

01
Structure & tax impact assessment

We model the tax and legal implications of the conversion before recommending it.

02
Conversion filing

Statutory forms filed with the Registrar to effect the conversion, including new MOA/AOA.

03
Asset & contract transfer

Existing assets, contracts and licenses transferred or novated to the new entity.

04
New registrations

New PAN, TAN, GST and bank account set up under the converted entity.

Where This Fits in the Equity Governance Framework

Part of Layer 4 - ValueReady, mainly for Existing Company Setup.

Track 1
New Company Setup

If you're likely to raise equity later, we usually recommend incorporating as a Private Limited from the start, avoiding a future conversion altogether.

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Track 2
Existing Company Setup

Already an LLP or proprietorship needing to raise funding or issue equity incentives? We handle the conversion end to end.

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How We Support You

Conversion sequenced to your funding timeline.

Tax-modeled before recommending

Our CA partner models tax impact before we recommend proceeding with any conversion.

Timed to your raise

We sequence conversion to complete before your funding round closing date, not scrambling at the last minute.

Continuity of operations

Contracts, licenses and bank relationships transferred without disrupting day-to-day operations.

Common questions

Why can't LLPs issue equity incentives or raise priced equity easily?

LLPs are structured around partnership interests, not shares - most investors and equity frameworks are built around a company structure.

How long does an LLP-to-company conversion take?

Typically 4–6 weeks, depending on the complexity of existing contracts and asset transfers.

Does the business's operating history carry over?

Generally yes for business continuity purposes, though some registrations and tax history considerations need to be reviewed case by case.

Considering converting your entity structure?

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