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Convesion of proprietorship firm into an llp

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jagadeesha h r

proprietor

23 Points Posted on 27 September 2011

Sir , I am an owner of a proprietorship firm having distribution business. For some reasons I want to convert it into an LLP

1) Is it possible to do so ?

2) If so the licences and vat registrations need to be reobtained? or can the existing one ,in my personal name be used?

3) If the name of the firm changed with addition of sufixes without changing address, can I use the same licences ?

4) Addition of partners does require change of lcences/ reapplication? anybody please suggest

Replies (1)

Kiran Toshniwal

Practicing Company Secretary

142 Points Posted on 02 February 2012

Hi,

Conversion is not possible. Make an application for registering new LLP, wherein the business activity of LLP should reflect the takeover of business of sole proprietor firm.

Fresh license need not be obtained. You can carry the business under the same license. You need to intimate the department regarding name change and the department will issue the new license with same registration no.

Addition/ deletion of partner doesn’t require change of license. Intimation by filing of Form 3 [Supplemental Agreement] and form 4 [Consent/ Resignation letter] with Registrar of LLP within 30 days.

Please revert for any further clarification.

Regards

Kiran T

https://startcompanyinindia.com/