Conversion from Partnership
to Limited Liability Partnership (LLP)
Now
a days where there is a propensity to get your business to be operated in an
organized sector, many of the traditional forms of business in India are
getting converted into the modern corporatized style of business. This is not
just due to the latest trend which is going on, but due to the benefits arising
out of this like separate legal entity, limited liability of partners,
perpetual succession etc. and this also strengthen the creditability of the
entity because after a particular stage the bankers and other financers, they
would be able to rely on the entity and finance them in a better way. There are
various provisions in The Limited Liability Partnership Act, 2008, which
provides various exemptions to LLPs which are not available to the companies
registered under The Companies Act, 2013. Hence it is better to convert your
partnership in the new form of doing business LLP.
Requirements:
Ø Minimum
2 Partners who are Individuals & having the age of 18 years or above to be
named as Designated Partners
Ø Any
one of the Designated partner to be the Resident in India.
Ø No
restriction on maximum no. of partners and the other Body Corporates can also
be the partner in such LLPs.
Ø No
minimum capital requirement.
Ø DSC
(Digital Signature Certificate) is required.
Ø DPIN
(Designated Partner Identification Number) is required in favour of the designated
partners.
Documents for Registration:
Ø Copy
of PAN Card of partners
Ø Passport
size photograph of partners
Ø Copy
of Aadhar Card/ Voter identity card/ Driver’s license as address proof.
Ø Electricity/
Water bill/ Telephone bill/ Latest bank statement as proof of Registered Office
(Business Place)
Ø Copy
of Sale Deed/Property Deed (If owned property), otherwise the Landlord NOC if
the property is taken on rent / lease.
Ø Passport
in case of Foreign Nationals/ NRIs who want to partner in such LLP.
Additions in our services for Registration:
Ø DPIN
for 2 Partners
Ø Digital
Signature For 2 Partners
Ø LLP
Agreement
Ø Statutory
Fees
Ø PAN
Card & TAN no.
Ø All
other Consultancies regarding that.