Dear members
A partenship firm wants to convert its existing business with same partners into a Limited Liability Partnership(LLP). Please provide me the step by step procedural details required for converting the firm into an LLP.
Thanks
Nandan Narula (CA Final Student) (938 Points)
12 July 2010Dear members
A partenship firm wants to convert its existing business with same partners into a Limited Liability Partnership(LLP). Please provide me the step by step procedural details required for converting the firm into an LLP.
Thanks
Sagar Zankhariya
(Audit Assist.)
(278 Points)
Replied 13 July 2010
Hi...... Nandan
Q. A partenship firm wants to convert its existing business with same partners into a Limited Liability Partnership(LLP).Please provide me the step by step procedural details required for converting the firm into an LLP
Ans. When a existing firm wants to Convert into Limited Liability Partnership than they are followed Second Schedule of the LLP Act.
I herewith enclosed a PDF Copy of LLP Act for your reedy reference.
Regards
Sagar Zankhariya
CAclubindia
