partnership firm to llp

Conversion of Partnership firm to LLP

Ideal for Micro small and medium enterprises

Starting At Rs. 7,999 Onwards

SAVE 50% COST…!!!

(Takes < 30 days)

Convert Partnership to LLP

Definition

Inclusions

Procedure

Advantages

Requirements

FAQ’S

Convert Partnership Firm to LLP

Partnership to LLP

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.

Conversion of partnership to LLP is done through KBTM Consultants.

What is Included In Our Package?

  • DPIN for 2 Partners
  • Digital Signature For 2 Partners
  • Name search & approval
  • LLP Agreement
  • Registration Fees
  • LLP Pan Card

Procedure For Conversion

Complete our Simple Form
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
Once your company is incorporated, we shall send you all the documents and DSCs.
CONGRATULATIONS

Advantages of Conversion

Low set-up cost

Minimal Compliances

Tax Advantages

Limited Liability

Separate Legal Entity

Minimum Requirements for Conversion to LLP

  • 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

1. What is the minimum number of Partners required to start a Limited Liability Partnership?
2. Who can become a partner in LLP?
3. Do I have to be available in person to convert partnership to a LLP?
4. Once I pay for the incorporation, is there any other payment before I get the Incorporation Certificate of LLP?
5. What is the time taken by kbtmconsultants.com for conversion?
6. Can NRIs/Foreign Nationals be a Designated Partner in LLP?
7. What are the advantages of an LLP as opposed to a Private Limited Company?
8. What are the disadvantages of forming an LLP as opposed to a Private Limited Company?

Why Choose KBTM Consultants

30+ Offices in India

10+ Years Experience

Economical and Fast

Money Back Guarantee

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