Convert Your Partnership into LLP (Limited Liability Partnership)

New LLP Structure has greater advantage and benefit over existing Partnership Firm particularly due to Higher degree of Flexibility, Compliance and More tax benefits and better Corporate Image

• Preconditions

  Partnership should be a registered under Indian partnership Act 1932

  All the partners of firm should become the partners of LLP

  Procedure
  • Obtain name approval for LLP
  • Application for conversion of firm to LLP in Form 17
  • File the following forms along with a statement by all partners with registration number and date of registration of the firm.

  Form 2 :	Details of partners, registered office etc
  Form 4 :	Consent of Partners - Consent of each partner to become a partner of Liability Partnership
  Form 3 :	LLP agreement - this can be filed with in 30 days from the date of registration

  • After verification, registrar will register all documents and issue Certificate of registration
  • Upon registration of LLP, file an intimation to the Registrar of Firms stating the fact that firm is converted into LLP