LLP
This query is : Resolved
mahesh dalal
(Querist)
19 September 2009
CAN WE CONVERT EXISTING PROPRIETOR SHIP CONCERN TO LLP
CA Vanesh Nadar
(Expert)
19 September 2009
Yes, as an take over
Ratan Sharma
(Expert)
19 September 2009
In my opinion Existing proprietorship business can not be converted in LLP. It is not a partnership firm which can be converted into LLP.
You will have to first create the LLP and then the business of proprietorship can be sold out to LLP.
You will have to first create the LLP and then the business of proprietorship can be sold out to LLP.
CA CHINTAN AJMERA
(Expert)
20 September 2009
Agree with Ratan Sir.
CA Suresh Choudhary
(Expert)
20 September 2009
Agree with Ratan
Ankur Garg
(Expert)
20 September 2009
Agrre.
Acquisition by LLP of proprietorship business is possible.
Acquisition by LLP of proprietorship business is possible.
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