Generally Partnerships firms opts for conversion into a Private Limited Company to avail  the following benefits:

• Limited liability

• Separate Legal entity

• Easier to avail loans from banks for expansion

• Perpetual succession

• More transparency

• Better governance

Changes to be made after Conversion: 

Under Companies Act, 2013

a. Print the new Memorandum and Articles of Association with new Certificate of Incorporation.

b. Affix name plate on the outside of every office or place in which its business is carried on

c. In case of One Person Company, the words "One Person Company" shall be mentioned in brackets below the name of such company, wherever its name is printed, affixed or engraved.

d. Arrange for Common seal, if any. 

e. Print it letterhead, business letters, billheads, letter papers and all its notices and other official publications. 

f. Print the hundies, promissory notes, bills of exchange and such other documents a

g. Arrange new rubber stamps with new name

File Necessary Amendment Application with the following Organisations/Agencies:

a. Update Entity DSC

b. Bank(s) where the entity maintains its Account(s)

c. Update PAN/TAN/GST

d. Basic Utility Service Providers (eg: Electricity, Water, Internet, Telephone etc.)

e. Inform all the concerned parties where company has made investment(s), taken loan(s), given guarantee(s)

f. Intimate Insurance companies, 

g. Update agreements etc.

h. Intimate and update where the entity applies for tenders

i. Goods and Services Act

j. Shops & Establishment Act

k. Private Security Agency Act

l. EPFO

m. ESIC

n. MSME, FSSAI, DIPP, EXIM, FEMA registration, if any

o. Trade License, Professional Tax

p. Factories Act and other Labour Laws

q. Industry Specific Laws