Convert Partnership Company to LLP

Basic Package

6500 + Govt Fee

  • Name Search & approval
  • Digital Signature
  • DIN or DPIN
  • Filing LLP form 17
  • Filing for Incorporation & Conversion of Partnership into LLP
  • Convert a Partnership to LLP
Note: - this package is for a Partnership with turnover less than 20 lakhs

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Gold Package

7000 + Govt Fee

  • Name Search & approval
  • Digital Signature
  • DIN or DPIN
  • Filing LLP form 17
  • Filing for Incorporation & Conversion of Partnership into LLP
  • Convert a Partnership to LLP
Note: - this package is for a Partnership with turnover less than 50 Lakhs.

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Platinum Package

8000 + Govt Fee

  • Name Search & approval
  • Digital Signature
  • DIN or DPIN
  • Filing LLP form 17
  • Filing for Incorporation & Conversion of Partnership into LLP
  • Convert a Partnership to LLP
Note: - this package is for a Partnership with turnover less than 1 Crore.

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Why to Convert Partnership Company to LLP

A Limited Liability Partnership (LLP) may prove to be a much superior business structure than a regular partnership. LLP have minimal compliances, tax benefits, limited liability, separate legal entity, no audit requirements below a certain capital, no cap with regard to the number of partners etc.

Nowadays partnership firms are being converted into a Limited Liability Partnership (LLP). LLP offers a bunch of great features such as limited liability protection, transferability, unlimited partners, survivability etc., making LLP structure more attractive than a partnership firm. List of other benefits is as below.

a)      Private assets remain secured in LLP 

b)     It’s easy for LLP to raise funds

c)      Great tax advantages as compared to partnership

d)      No minimum capital requirement 

Procedure for Conversion of Partnership Company to LLP

Step 1: - Name approval for LLP in the prescribed form

Step 2: - Application filling for conversion of a partnership into LLP

Step 3: - File LLP form 17 to registered office and consent from each partner to become a designated partner in new LLP with ROC.

Step 4: - File LLP Agreement to ROC within the time frame

Step 5: - Issuance of Certificate of Registration by ROC

Step 6: - Send intimation to ROC regarding the conversion of a partnership into LLP

Step 7: - Once your company is converted into LLP, we send you all the documents and DSCs.

Note: - Whole conversion process takes between 15-20 days and also depends upon documents provided by applicant and approval speed by the government

Requirements & Benefits of Conversion

Benefits

An LLP offers a bunch of great features such as limited liability protection, transferability, unlimited partners, survivability, etc., making LLP structure more striking than a partnership firm

Private assets remain secured in an LLP

It’s easy for an LLP to raise funds

Great tax advantages as compared to the partnership

No minimum capital requirement

Requirements for Conversion

Partners of the partnership firm will remain the partners in new LLP, and those who do not wish to continue to be the partner in LLP should retire

New partners who want to add themselves in LLP, should be added after the incorporation of LLP

All the designated partners should be updated with their income tax returns

All designated partners must apply for DSC

All designated partners must apply for DIN or DPIN

All designated partners must make contributions

All creditors must give their consent for conversion

Frequently asked questions (FAQs)

  1. Connect to Corpseed
  2. Provide necessary documents required for converting Partnership to LLP.
  3. Our expert CA will help you to concert your Partnership with LLP.

Annual Filing, Disclosure by Directors, Drafting of Annual return, Minutes, notices, various Certifications, form 11 & 8 and updating the Statutory Register.

For Indian citizens, a PAN card, Address proof, identity proof, NOC from landlord etc. are mandatory.

Any individual/organization or foreigners/NRI can become the member of an LLP

Ministry of Corporate Affairs (MCA) & The Company Act 2013

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