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LLP

This query is : Resolved 
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(Querist)
19 September 2009 CAN WE CONVERT EXISTING PROPRIETOR SHIP CONCERN TO LLP
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CA Vanesh Nadar

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CA Vanesh Nadar (Expert)
19 September 2009 Yes, as an take over
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Ratan Sharma

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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.
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CA CHINTAN AJMERA

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CA CHINTAN AJMERA (Expert)
20 September 2009 Agree with Ratan Sir.
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CA Suresh Choudhary

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CA Suresh Choudhary (Expert)
20 September 2009 Agree with Ratan
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Ankur Garg

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Ankur Garg (Expert)
20 September 2009 Agrre.

Acquisition by LLP of proprietorship business is possible.
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