Address : Casaheb,
- B-4 Spaze It Park, Sohna Road, Gurgaon, Haryana, 122018
- Phone +91-9717076556
- anup@casaheb.in
Convert a Partnership Firm to an LLP in India
- Convenient online process, saving you 30% on costs
- Partnership Firm to LLP
- Limited Liability Partnership (LLP)
- Limited Liability
- LLP Agreement
- LLP Conversion
Benefits of Converting to an LLP
2
Separate Legal Entity
An LLP has its own legal identity, distinct from its
partners, making it more reliable for stakeholders.
4
Operational Flexibility:
An LLP has minimal compliance requirements compared to
private limited companies.
How to Convert a Partnership Firm to an LLP in India
Converting a partnership firm to a Limited Liability
Partnership (LLP) offers multiple benefits, such as limited
liability, enhanced credibility, and greater flexibility in
operations. LLPs are governed by the Limited Liability
Partnership Act, 2008, and combine the advantages of a
partnership and a company. This guide explains the steps and
benefits of converting a partnership firm to an LLP.
Key Requirements for Conversion
- The firm should have a valid partnership deed registered with the registrar.
- All partners must agree to the conversion and become designated partners in the LLP.
- The LLP’s name must be unique and comply with the guidelines set by the Ministry of Corporate Affairs (MCA).
- here must be no existing loans or encumbrances on the firm’s assets, or you must obtain the creditors' consent for the conversion.
Step-by-Step Process to Convert a Partnership Firm to an LLP
Obtain Digital Signatures (DSC)
All designated partners must acquire a Digital Signature
Certificate to file documents online with the MCA.
Apply for Director Identification Number (DIN)
Each partner must obtain a DIN by filing Form DIR-3.
Name Reservation
File Form RUN-LLP (Reserve Unique Name) with the MCA to
secure a unique name for the LLP.
Draft the LLP Agreement
Prepare an LLP agreement outlining the rights and
responsibilities of the partners, profit-sharing ratios, and
other operational details.
File Conversion Application
Submit Form 17 (Application for Conversion) and Form 2
(Incorporation Document) to the MCA along with the required
documents, including: Certificate of registration of the
partnership firm Consent of all partners Statement of assets
and liabilities Draft of the LLP agreement
Certificate of Incorporation
Upon verification, the MCA will issue a Certificate of
Incorporation for the LLP, confirming the conversion.
Troll Free Number :
+91-9717076556
Opening Hours :