Partnership to LLP
A Limited Liability Partnership (LLP) can be a far more effective business vehicle than a traditional partnership. Personal liabilities harm partnerships, while LLPs eliminate the Indian Partnership Act, 1932’s burdensome requirements. There are also tax advantages, no audit obligations below a particular capital threshold, no cap on the number of partners, and no capital contribution requirements.
Register a Company in 5 Easy Steps
Fill out our simple form
You must complete and submit the information requested in our brief questionnaire.
We can provide you with DSC and DPIN
We will supply you with your DSC and DPIN after you have submitted your paperwork.
Approval of the Name and Verification
Details supplied by you will be checked by our professionals for subsequent steps.
Submission of Documents
We will prepare your documentation and application on your behalf and file them with ROC.
Your task has been finished
We will email you all of the documentation and DSCs once your company has been formed.
Documents Required for Partnership to LLP
1. Partners will submit proposals
- A scanned copy of your PAN card or passport is required (Foreign Nationals & NRIs)
- Aadhar Card/ID/Passport/License Voter’s Driver’s scanned copy
- A scanned copy of your most recent bank statement, phone/mobile bill, or electric/gas bill
- A passport-sized photograph that has been scanned Signature of a specimen (blank document with signature [partners only])
2. For Registered Office
- A scanned copy of your most recent bank statement/telephone/mobile bill, or a copy of your most recent electricity or gas bill
- A scanned copy of the notarized English rental agreement
- A scanned copy of the property owner’s No-Objection Certificate
- A scanned copy of an English sale deed/property deed (in case of owned property)
Advantages
1.Legal Entity in Its Own Right
An LLP is a legal entity distinct from its partners. In the event of a disagreement, either spouse has the right to sue the other.
It has a continuous existence that follows a perpetual succession, i.e., the partners may quit, but the company will continue to exist. To dissolve, the firm must come to an agreement on a dissolution term.
2.Agreement that is adaptable
It is straightforward to transfer the ownership of an LLP. A person can be promptly enrolled as a selected partner, and ownership of the company will be transferred to them.
3.Small Business-Friendly
Formal audits are not required for LLPs with a capital of less than 25 lakhs and a turnover of less than 40 lakhs per year. It benefits small enterprises and startups to register as an LLP.
Because it is recognized as a legal entity, an LLP can possess or purchase property. An LLP's partners cannot claim ownership of the property.
4.No distinction between owner and manager
An LLP is made up of partners who own and operate the company. A private limited company, on the other hand, may have directors who are not shareholders. As a result, venture capitalists are wary of the LLP structure.
OUR PRICING PLANS
Standard
₹ 14,999
- complete company incorporation
- Certificate of incorporation (COI)
- Permanent account number (PAN)
- tax deduction account number (TAN)
- director identification number (DIN)
- digital signature certificate (DSC)
- memorandum of association (MOA)
Gold
₹ 16,999
- complete company incorporation
- Certificate of incorporation (COI)
- Permanent account number (PAN)
- tax deduction account number (TAN)
- director identification number (DIN)
- digital signature certificate (DSC)
- memorandum of association (MOA)
- articles of association (AOA)
- Bank account opening
- GST registration
- MSME / UDYAM registration
Platinum
₹ 19,999
- complete company incorporation
- Certificate of incorporation (COI)
- Permanent account number (PAN)
- tax deduction account number (TAN)
- director identification number (DIN)
- digital signature certificate (DSC)
- memorandum of association (MOA)
- articles of association (AOA)
- Bank account opening
- GST registration
- MSME / UDYAM registration
- Share certificate issue
- company commencement form filling