Convert a general partnership into a PLC
The conversion of a general partnership into a public limited company strengthens the limitation of liability and the professional image. However, important legal and financial considerations must be carefully examined.
How can my sole proprietorship be converted into a PLC?
Calculate a non-binding offer
Enter your incorporation project conveniently online and benefit from the cost sharing of our partners. Put together your customized start-up package in just a few clicks so that we can set up your PLC for you.
Enter company data of the PLC
Enter all relevant company data so that we can carry out the conversion process according to your company structure.
Contact by lawyers
Our experts will get back to you within the specified period (often within 24 hours). Open questions can be discussed and the next steps will be explained.
Audit and confirmation of the company value
An accounting statement must be prepared by the general partnership to be converted. These must then be audited by an auditor and the value of the general partnership confirmed. The audit can be carried out by our sister company Findea AG.
Create incorporation documents
Once the company value has been confirmed, our experts will prepare the incorporation documents and make them available to you. You can check, print and sign them at home.
Have your signature notarized
You must now obtain an official signature certification (e.g. from the municipal office). This confirms that the signature you have provided is really your own.
Returning the documents
After receiving the founding documents, our experts will check them for completeness and then forward them to the notary's office for public notarization.
Entry in the commercial register
We submit all incorporation documents to the commercial register and ensure that your general partnership is successfully converted into an PLC.
When does it make sense to convert a general partnership into a PLC?
The conversion of a general partnership into a PLC in Switzerland can be useful if the company wants to make major investments or raise capital from outside investors.
By becoming a corporation, the company can issue shares to raise capital and make the company more attractive to outside investors.
In addition, the PLC structure provides a broader financial base and allows for a clear separation between the company and the private assets of the shareholders.
However, it is important to carefully consider the legal, tax and financial implications and to seek professional advice if necessary.
Frequently asked questions
Important points to consider if you want to convert your general partnership into a PLC.
What steps are required to convert a general partnership into a PLC?
Accounting financial statements must be prepared for the sole proprietorship. These are then audited by an auditor and the value of the company is confirmed. Finally, the founding meeting and the articles of association must be publicly notarized and all documents must then be submitted to the commercial register office.
Are there specific legal requirements for the conversion?
Yes, all required documents must be prepared and submitted correctly in accordance with the provisions of the Swiss Code of Obligations.
How does the conversion affect the liability of the partner?
In the case of an PLC, shareholders are only liable up to the amount of their contribution, whereas the personal liability of partners in a general partnership is unlimited.
What are the tax implications of the conversion?
The PLC becomes taxable as an independent legal entity. The profit of the PLC is subject to corporate profit tax. This is in contrast to the profit of the general partnership, which is taxable as income on a pro rata basis in the partners' private tax returns.
How long does the conversion process usually take?
The duration of the conversion process can vary depending on the complexity and processing time of the authorities, but is often several weeks to months.
Why is a change of legal form in Switzerland advantageous?
There are many advantages to changing the legal form of a company in Switzerland. By converting to a PLC or LLC, the personal liability of the entrepreneur can be limited to the company's assets, which protects against financial risks.
In addition, PLCs and LLCs make it easier to raise capital by issuing shares, which improves the company's financial stability and growth opportunities.
In addition, the conversion contributes to a more professional image of the company, which strengthens the trust of customers and business partners and opens up new business opportunities.
The more flexible structure of the PLC and LLC offers more room for growth and expansion, especially for larger projects or international business activities. Depending on the situation, there may be tax advantages.
However, before converting, the legal, tax and financial implications should be carefully considered and professional advice sought to ensure that the conversion supports the company's long-term objectives.
Transform your company easily with Startups.ch
Convert a sole proprietorship into a LLC
Would you like to convert your sole proprietorship into a limited liability company? Discover how we can support you with this important step.
Convert sole proprietorship into a PLC
Convert your sole proprietorship into an PLC to limit your liability and maintain a professional image.
Converting a general partnership into a LLC
Convert your general partnership into a limited liability company and benefit from a professional image.
Do you need help?
We understand that many prospective company founders want to make sure that they don't overlook anything when setting up a company. So don't hesitate to contact us before you set up your company.