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Conversion of LLP firm into Private Limited Company.

In:

Conversion of LLP (Limited Liability Partnership) into a Pte Ltd company:

The Partners of the Partnership firm can choose the same name to be applied with the proposed company by appealing with the authority ACRA. Once, the name appeal is approved then the Partners would have the company name with their former Partnership’s name.

Settling the LLP’s debts (if any) followed by conversion of the remaining assets into the capital of new company. By doing so, the former LLP will be mostly able to transfer the existing employees, contracts, businesses, etc to the newly incorporated company.

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