Every company has its boundaries and regulations in respect of which it gets registered as per New Companies Act 2013 in India. As we all know it is mandatory for every company to get its business registered under the respective act. Private company, public company, (One Person Company), sole-proprietorship or LLP all are having distinct rules while getting registration. If you got registered under any of the form of corporate and then in future needs to transfer in other form; there are certain provisions that are being entitled for the same purposes.
Here under this section we bring you with how to change a business to a LLP means how to convert your company despite of private or public to limited liability partnership company. But before commencing with the same; we want to share some esteem points that one business should holds while converting to limited liability partnership. There are various segments including property, assets, liability, rights, interest, privileges and obligations need to transfer from business to LLP under third schedule. All the heads are usually getting vary as you move from one form of corporate to another.