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Merge business of partnership in to llp


Querist : Anonymous


Querist : Anonymous (Querist)
our client had formed a partnership firm in last year, and he letter on on the same year formed LLP with the same partners and same ratio of profit/loss. my quarry can they now file a conversion form with registrar or what document they have to execute merge deed or a mou between the partners. i also want to know the tax re-purgation on this transaction.
thanks


There are separate procedures for conversion of private company into LLP and partnership firm into LLP. Go through the LLP Act and LLP rules. Separate e-forms have also been prescribed on the LLP portal.


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