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Convertion of Partnership To Limited Liability Partnership ( LLP)

  • SureTax Fincare simplifies the process of Registration, Compliance & Management of your business, by making it more convenient than ever.
  • Completely online, Quick & Hassle free process – Our Services can be availed from any Location in India or Abroad.
  • Our team of CA-accredited professionals provide expert guidance throughout every stage of the process

Talk to an expert for Free: 70661 55000

Convertion of Partnership To Limited Liability Partnership ( LLP)

  • SureTax Fincare simplifies the process of Registration, Compliance & Management of your business, by making it more convenient than ever.
  • Completely online, Quick & Hassle free process – Our Services can be availed from any Location in India or Abroad.
  • Our team of CA-accredited professionals provide expert guidance throughout every stage of the process

Talk to an expert for Free: 70661 55000

Overview

"The main reason for converting a partnership to a Limited Liability Partnership (LLP) is to provide limited liability protection to its partners. Additionally, LLPs are considered separate legal entities, offer flexible management, and can be more attractive to investors.

"

Process

Obtain Digital Signature Certificates (DSC) and Director Identification Numbers (DIN) for all the partners.

Apply for the name availability of the LLP with the Registrar of Companies (ROC).

Prepare and file the LLP Agreement with the ROC.

File the incorporation documents

Obtain the certificate of incorporation from the ROC.

Obtain the PAN and TAN for the LLP.

Obtain any necessary licenses or approvals for the business.

Eligibility

  • Agreement:

    All partners must agree to the conversion.

  • Registration:

    The partnership must be registered under the Partnership Act of 1932.

  • Partners :

    The partnership must have a minimum of two partners.

  • Litigations:

    The partnership must not have any pending litigation or disputes.

  • Requirements:

    The proposed LLP must comply with the requirements of the Limited Liability Partnership Act, 2008.

Certificate of Registration

A certificate of registration is a document issued by the relevant state or government agency that certifies the formation and existence of a limited liability partnership (LLP).
It serves as proof that the company has completed the process of converting from a Partnership To Limited Liability Partnership & is now registered as a Limited Liability Partnership under the jurisdiction in which it is located.
Partnrship to LLP

" Taxation on Partnership to LLP "

  • The Conversion of Partnership to LLP could result in tax liability, however, certain tax exemptions may also be available.
  • Therefore, it's highly recommended to consult our professional experts at Sure Tax Fincare, to ensure compliance with the regulations and laws.

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