What are the benefits of the conversion of Limited Liability Partnership (LLP) into a company?

magusJune 19, 2020

The base rate of income tax in case of an LLP is 30%, whereas for private limited companies, the base rate of tax is 22%
A private limited company has a separate legal identity as compared to a LLP.
There is a separation of ownership and management in a private limited company, whereas in Limited Liability Partnership (LLP), the partners are owners and the managers of the LLP.
The venture capitalist prefer corporate structures over LLP structures.
Due to stringent compliances and disclosures under various laws, Companies enjoy a high degree of creditworthiness as compared to LLPs

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