Conversion of Partnership firm to LLP
Ideal for Micro small and medium enterprises
Starting At : Rs. 9,500 only ( All Inclusive )
SAVE 50% COST!!!
(Takes more than 30 days)
After introduction of LLP Act in 2008, many Partnership Firms have started to convert their Partnership Firm to LLP. The reasons of conversion are self-evident such as ability to take unlimited number of partners, separate legal entity, limited liability and ease of ownership transfer. Because of these advantages of LLP over Partnership, LLP has become very popular amongst small and medium sized businesses.
The Partnership Firm which wants to convert itself to LLP must be registered under Indian Partnership Act, 1932. Unregistered Partnership Firm can’t be converted to LLP. LLP incorporated by conversion of Partnership Firm to LLP must have same partners as they were in the Partnership Firm. Therefore it is suggested that the Partnership Firm should retire all the Partners who do not wish to be a part of LLP and if new partners are to be added, they should be added after the incorporation of LLP.
DPIN for 2 Partners
Digital Signature For 2 Partners
Name search & approval
LLP Pan Card
Up to date filing of Income tax returns.
The partners shall receive consideration only by way of allotment of shares in LLP.
Consent of all the unsecured creditors for the proposed conversion in LLP.
Minimum 2 Partners.
At least 1 of the designated partners shall be an Indian Resident.
DPIN for all the Partners.
DSC for all the Partners.
There has to be some sort of contribution from each partner.
FREQUENTLY ASKED QUESTIONS
At least two members are required for LLP registration.
Any individual/organization can become the partner of LLP including foreigners/NRI’s.
Our procedure is 100% online. You won’t need to be available at our office or show up at any other office for conversion of partnership to a Limited Liability Partnership. A scanned copy of documents can be sent to us via mail, and we will handle the rest.
There is absolutely no other payment. We will send you an invoice that is all-inclusive, with no hidden charges.
Yes, after acquiring DIN/DPIN an NRI or Foreign national can become a designated partner is LLP. However, at least one designated partner in the LLP must be a Resident of India.
The main advantage is that in an LLP, there are fewer formalities after the business has been incorporated. For example, you need not file annual returns etc. unless your income crosses a certain limit. An LLP is preferable if you are offering professional services, like a lawyer or architect. A Pvt. Ltd. Company is preferred if you want to launch a scalable enterprise.
You will find it hard to raise capital from investors or to attract talent to the business by issuing ESOPs.