Conversion of Partnership Firm to LLP
Many partnership firms are converting themselves into Limited Liability Partnership, because it provides some amazing benefits like – Limited Liability Protection, no maximum limits for the number of partners, easy to transfer ownership, etc. LLP is a separate legal entity with compulsory registration with the central government.Documents Required
- PAN Card of all partners and the firm
- Aadhar Card/ Voter ID/ Passport/ Driving License of all partners
- Latest Passport size photograph of all partners
- Electricity Bill/ Telephone Bill of the registered office address
- NOC from owner
- Rent Agreement
- Certificate In case the partnership firm is registered, ROF certificate is compulsory
Minimum requirement Conversion of partnership firm 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 • Obtain name approval from MCA for proposed LLP nameBasic
₹
15999/-
₹
15999/-