Merge business of partnership in to llp



Querist : Anonymous (Querist)
28 July 2012
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


CS Abhishek Goyal (Expert)


Click to Talk 31 July 2012
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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