Ideas For Startup

After introduction of LLP Act in 2008, many Partnership Firms have started to convert their Partnership Firm to LLP. The reasons of conversion are self-evident such as ability to take unlimited number of partners, separate legal entity, limited liability and ease of ownership transfer. Because of these advantages of LLP over Partnership, LLP has become very popular amongst small and medium sized businesses.

The Partnership Firm which wants to convert itself to LLP must be registered under Indian Partnership Act, 1932. Unregistered Partnership Firm can’t be converted to LLP. LLP incorporated by conversion of Partnership Firm to LLP must have same partners as they were in the Partnership Firm. Therefore it is suggested that the Partnership Firm should retire all the Partners who do not wish to be a part of LLP and if new partners are to be added, they should be added after the incorporation of LLP.
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Highlights

Low set-up cost

There is absolutely no other payment. We will send you an invoice that is all-inclusive, with no hidden charges.

Compliances

The main advantage is that in an LLP, there are fewer formalities after the business has been incorporated.

Tax Advantages

The term 'tax benefit' generally refers to any tax law that provides you with an opportunity to reduce your tax bill when you satisfy certain eligibility requirements.

Limited Liability

Businesses often need to borrow money. In a General Partnership, partners are personally liable for all this debt.

Investment

Private limited companies easily accommodate equity funding as there is a clear distinction between shareholders and directors as well as limited liability.

Reduced Compliance

An LLP only requires audited annual returns to be filed if it has a turnover of greater than Rs. 40 lakh or capital contribution of over Rs. 25 lakh.

Our Process

From your Procedure

Step 1

Upload the Required Documents & Information to our web portal

Step 2

Choose Package and Pay online with different payments modes available

Step 3

On placing an order, your application will be assigned to one of our dedicated professionals.

Step 4

Our professional team will prepare computation for Partnership to LLP.

Step 5

We will create your documents and application and file them with ROC on your behalf.

Step 6

Once your company is incorporated, we shall send you all the documents and DSCs.

BEFORE SCALABLE

Documents Required

Minimum Required Documents
 

DPIN & DSC for all the Partners.

Identity Proof Aadhaar Card

Required Documents

Minimum 2 Partners. At least 1 of the designated partners shall be an Indian Resident.

Fill the form to proceed further