Change in Business
The structure you chose at formation was chosen for requirements you may no longer have. Convert the entity, update what the MCA holds on record, or close it down properly, with the filings each one needs.
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Convert to the structure you need now
The goals you had at formation may not be the goals you have now, and the structure is what has to move. Pick the conversion by where you are today and where you are going.
Proprietorship to Partnership
Bring in a partner and continue the same business as a firm.Proprietorship to LLP
A partnership with body corporate status, keeping operational flexibility.Proprietorship to Private Limited Company
A more credible structure. Needs a minimum of two people.Proprietorship to OPC
Corporate status and limited liability without finding a partner.Partnership to LLP
The same partnership in a corporate form, with limited liability.Partnership to Private Limited Company
Ends the partners’ unlimited liability and adds corporate credibility.LLP to Private Limited Company
For an LLP that has hit the limits of the form on funding and growth.OPC to Private Limited Company
Mandatory once the OPC crosses the turnover or capital threshold.Private Limited Company to LLP
Lower compliance and more flexibility, keeping limited liability.Private Company to Public Company
Opens funding through a public issue of securities.
Update what the MCA holds on record
A business is bounded by its constitutional documents, so changing what it does, where it sits or who runs it means updating those documents and the authority that holds them.
Add or Remove a Director
Appoint or remove a director, with the MCA filings that follow.Add or Remove a Partner
Admit or retire an LLP partner under the rules that govern it.Change Business Activity
Trading beyond your object clause needs the MoA updated first.Change Registered Office
The process depends on how far the office is moving.Change Company Name
Reserve the new name and alter the MoA before you start using it.Change LLP Agreement
Executed as a supplementary deed, and filed with the MCA to take effect.Change Partnership Deed
For a change in place, capital, profit share or the partners themselves.Increase Authorised Share Capital
Capital can only be raised up to the limit set in the MoA.
Close it down without leaving anything open
Ceasing to trade is not the same as closing. The regulatory obligations continue until the entity is formally wound up, which is why a dormant company keeps accruing filing defaults.
Close a Private Limited Company
Created by a process of law, and closed by one too.Close a Limited Liability Partnership
Once it has stopped trading, strike the name off with the Registrar’s approval.Close a One Person Company
It has its own legal existence, so ending it takes filings rather than a decision.Dissolve a Partnership Firm
Ends by mutual consent or by a partner’s exit, depending on the deed.Not sure which closure route applies?
Strike-off and winding up are different processes, with different costs and different consequences, and which are open to you depends on the entity and its filing history.
Common questions
Still have a question? Our team is happy to help, at no charge and with no obligation to buy anything.
Does converting my business start a new entity or continue the old one?
A conversion carries the business over rather than starting again: the assets, the liabilities and the ongoing contracts move into the new structure, and the entity that results is a continuation for most practical purposes.
What does change is the law the entity is governed by, its compliance obligations and, in most conversions, its tax treatment. The specific route matters, so the answer for a proprietorship to LLP is not the answer for an OPC to private limited.
How long do the MCA record updates take?
It depends on the change and on the Registrar. A director change is among the quicker filings; a name change or a change of registered office between states involves an approval step and takes considerably longer.
The service page for each change sets out its own schedule. What is common to all of them is that the filing deadline runs from the date of the underlying decision, not from when the paperwork is ready.
Can I just stop filing instead of formally closing?
No, and this is the most expensive assumption on this page. An entity that stops trading but is not wound up continues to owe its annual filings, and the additional fee for each missed filing accrues rather than caps.
A company left dormant for several years typically costs more to close than it would have cost to close at the outset, because the outstanding filings have to be brought up to date first.
When must an OPC convert to a private limited company?
Conversion becomes mandatory once the one person company crosses the prescribed turnover or paid-up capital threshold. It is not optional at that point, and the obligation sits with the company rather than being triggered by a notice.
Does a board resolution by itself change the company’s form?
No. A board resolution records the board’s decision, and for most of the changes on this page it is a step rather than the outcome.
A conversion to an LLP takes effect on the Registrar issuing its certificate under the LLP Act. A conversion from private to public needs a special resolution of the members, not merely a board resolution. The filing is what does the work.
When does a director’s resignation take effect?
On the date the company receives the notice of resignation, or a later date stated in the notice. It does not wait for the board to pass a resolution or for the form to be filed.
This matters because a director carries personal liability for the period they are in office, so the effective date and the filing date are two different things and only one of them limits exposure.
Browse another category
Every service LegalWiz.in offers, grouped by what you are trying to do.
- Starting a New Business8 servicesPick the right structure and get incorporated, from a one-person company to a private limited.
- Intellectual Property9 servicesSecure the name, logo, invention or creative work your business is built on.
- Tax Registrations and Filings16 servicesEvery registration and return your business owes: GST, income tax, PF, ESI and more.
- Legal Services45 servicesLawyer-drafted contracts, letters and policy kits, ready to use.
- Accounting & Compliance7 servicesBooks, payroll and annual filings handled, so nothing quietly lapses.
Not sure which change your business needs?
Converting, updating a record and closing down all start with the same question: what does the entity look like today. Tell us that and we will tell you the route.
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