PARTNERSHIP firms to LLP
the precondition for conversion for your partnership firm are:
* Partnership should be a registered under Indian partnership Act 1932
* All the partners of existing firm should compulsorily become the partners of LLP
* Minimum 2 partners as Designated Partners and one of them should be Resident in India
* Digital Signature Certificate for one of the Designated Partners
* LLP (Limited Liability Partnership) Name
* LLP (Limited Liability Partnership) Agreement
* Registered Office for the existing partnership firm
Procedure for conversion
* Obtain name approval for LLP (Limited Liability Partnership)
* Application for conversion of firm to LLP in Form 17
* File the following forms along with a statement by all partners with registration number and date of registration of the firm.
Form 2 : Details of partners, registered office etc
Form 4 : Consent of Partners – Consent of each partner to become a partner of Liability Partnership
Form 3 : LLP agreement – this can be filed with in 30 days from the date of registration
* After verification, registrar will register all documents and issue Certificate of registration
* Upon registration of LLP, file an intimation to the Registrar of Firms stating the fact that firm is converted into LLP
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