Conversion of Partnership firm to LLP

Micro small and medium enterprises

Pvt Ltd Company Registration

Definition

Procedure

Included

Advantages

Requirements

FAQ

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Partnership to LLP

After presentation of LLP Act in 2008, numerous Partnership Firms have begun to change over their Partnership Firm to LLP. The reasons of change are undeniable, for example, capacity to take boundless number of accomplices, separate legitimate element, constrained obligation and simplicity of proprietorship move. In view of these focal points of LLP over Partnership, LLP has gotten exceptionally well known among little and medium estimated organizations.

The Partnership Firm which needs to change over itself to LLP must be enrolled under Indian Partnership Act, 1932. Unregistered Partnership Firm can’t be changed over to LLP. LLP fused by change of Partnership Firm to LLP must have same accomplices as they were in the Partnership Firm.

In this manner it is recommended that the Partnership Firm ought to resign all the Partners who don’t wish to be a piece of LLP and if new accomplices are to be included, they ought to be included after the fuse of LLP.

Procedure For Conversion

Complete our Simple Form Online

You are required to fill the details in our simple questionnaire and submit documents.

START

Obtain DSC and DPIN from us

After submitting your documents we will provide you with DSC and DPIN.

12 WORKING DAYS

Verification and Name Approval

For further procedures, details provided by you shall be verified by our experts.

2 WORKING DAYS

Document Submission

We will create your documents and application and file them with ROC on your behalf.

20-25 WORKING DAYS

Your work is Completed, Congratulations.

Once your company is incorporated, we shall send you all the documents and DSCs.

CONGRATULATIONS

What is Included In Our Package?

The following is the eligibility guidelines for OPC Registration in India.

DPIN for 2 Partners

Computerized Signature For 2 Partners

Name search and endorsement

LLP Agreement

Enrollment Fees

LLP Pan Card

Offers the flexibility of a partnership firm and the advantages of a Public Ltd Company.

Advantages of Conversion

Low set-up cost

Minimal Compliances

Tax Advantages

Limited Liability

Separate Legal Entity

Frequently Asked Questions

When I pay for the fuse, is there some other installment before I get the Incorporation Certificate of LLP?

There is definitely no other installment. We will send you a receipt that is comprehensive, with no concealed charges.

What is the base number of Partners required to begin a Limited Liability Partnership?

In any event two individuals are required for LLP enlistment.

Who can turn into an accomplice in LLP?

Any individual/association can turn into the accomplice of LLP including outsiders/NRI’s.

What are the benefits of a LLP instead of a Private Limited Company?

The primary bit of leeway is that in a LLP, there are less conventions after the business has been joined. For instance, you need not document yearly returns and so forth except if your pay crosses a specific breaking point. A LLP is ideal in the event that you are offering proficient administrations, similar to a legal counselor or modeler. A Pvt. Ltd. Organization is liked on the off chance that you need to dispatch a versatile venture.

What are the weaknesses of shaping a LLP rather than a Private Limited Company?

You will think that its difficult to raise capital from financial specialists or to draw in ability to the business by giving ESOPs.

 

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