Restructure or Close Safely

Business Conversions
& Winding Up

Whether you're upgrading your business structure for better funding or legally closing an inactive entity, TaxOrbits handles the entire MCA compliance process smoothly.

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Conversions & Closures

We manage complex corporate restructuring, entity upgrades, and legal dissolution processes end-to-end.

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Proprietorship to Pvt Ltd

Upgrade your sole proprietorship to a Private Limited Company to raise funding, limit liability, and scale your operations legally.

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Partnership to LLP

Convert your traditional Partnership Firm into an LLP to enjoy limited liability protection while retaining partnership flexibility.

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Pvt Ltd to LLP

Convert your existing Pvt Ltd into an LLP to reduce compliance burden, eliminate dividend distribution tax, and simplify operations.

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Closing an LLP

Legally dissolve an inactive LLP by filing Form 24 with the ROC under the Strike Off rules to avoid ongoing compliance penalties.

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Closing Pvt Ltd Company

Strike off your defunct Private Limited Company by filing Form STK-2, ensuring no future liabilities or regulatory notices.

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Post-Restructuring

We also assist with transferring PAN/TAN, updating GST registrations, and updating bank accounts after conversions.

Execution in 3 Steps

A structured legal process managed entirely by our CAs and CSs.

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Step 1

Eligibility & Audit

For conversions, we draft the takeover agreement. For closures, we ensure all pending returns are filed and bank accounts are closed.

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Step 2

Filing Forms

We prepare the required MCA e-Forms (like URC-1 for conversion or STK-2/Form 24 for strike off) and attach Digital Signatures.

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Step 3

Approval

We liaise with the ROC. Once approved, you either receive a new Incorporation Certificate or an official Strike-Off notice.

Conversions FAQs

Common questions about restructuring or closing your business legally.

What are the pre-conditions for closing a Pvt Ltd Company?
To apply for strike-off via STK-2, the company must not have commenced business within one year of incorporation OR must not have carried out any business operations for the past two immediately preceding financial years. Additionally, the bank accounts must be closed, and all liabilities must be settled.
Converting into a Pvt Ltd allows you to raise venture capital/angel funding, limits your personal liability, offers better corporate credibility, and provides ESOP options to attract top talent.
If specific conditions outlined under Section 47 of the Income Tax Act are met (e.g., all assets/liabilities are transferred, the proprietor maintains at least 50% voting power for 5 years), the conversion is exempt from capital gains tax.