Converting a Private Limited Company into an LLP allows the business to enjoy the flexibility of partnership operations while maintaining limited liability for partners. The process begins with obtaining consent from all shareholders and directors of the Private Limited Company, followed by a board resolution approving the conversion. An LLP is then incorporated by filing Form FiLLiP (Form for incorporation of LLP) with the Registrar of Companies (ROC), along with the LLP agreement and details of designated partners. The company submits a statement of assets, liabilities, and approvals from creditors, if required, to ensure proper transfer. Once the conversion is approved, the Private Limited Company ceases to exist, and the LLP becomes a separate legal entity with perpetual succession and limited liability protection for its partners. Professional guidance is recommended to handle incorporation formalities, draft the LLP agreement accurately, and ensure compliance with statutory requirements. Proper conversion enhances operational flexibility, reduces compliance burden, maintains legal protection for partners, and provides a suitable framework for future business growth.