The great explorer of the truth, the master-builder of human happiness no one rejects dislikes avoids pleasure itself because it is pleasure but because know who do not those how to pursue pleasures rationally encounter consequences that are extremely painful desires to obtain.
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PARTNERSHIP TO LLP
Limited Liability Partnerships have an upper hand over the general partnership structure as it is much more beneficial for the partners involved. LLP is a separate legal entity with compulsory registration with the central government, which is not the case with the partnership.
It is a business structure that integrates the advantages of the company’s corporate structure and the flexibility of the partnership, i.e. for organizing their internal composition and operation as a partnership. Therefore conversion of partnership firm into LLP is a good business decision to secure the partners’ rights and limit their liabilities
MINIUM REQUIREMENT
- Up to date filing of Income tax returns.
- The partners shall receive consideration only by way of allotment of shares in LLP.
- Consent of all the unsecured creditors for the proposed conversion in LLP.
- Minimum 2 Partners.
- At least 1 of the designated partners shall be an Indian Resident.
- DPIN for all the Partners.
- DSC for all the Partners
- There has to be some sort of contribution from each partner.
DOCUMENTS REQUIRED
- Copy of PAN Card of the Directors
- Passport size photograph of Directors
- Copy of Aadhar Card/ Voter identity card
- Copy of Rent agreement(If rented property)
- Electricity/ Water bill (Business Place)
- Copy of Property papers (If owned property)
- Landlord NOC (Format will be provided
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