Partnership to LLP Registration

Partnership to LLP Registration

With increasing benefits of Limited Liability Partnerships, many traditional partnership firms are opting for conversion. At TaxMyles, we provide expert assistance for a smooth and compliant transition from Partnership to LLP.

  • Professional consultation for a hassle-free conversion process
  • Preparation and filing of all required documents
  • Assistance in obtaining DIN for designated partners
  • Handling name reservation and approval through MCA
  • Support with DSC (Digital Signature Certificate) application
  • Expert drafting of the LLP Agreement and other necessary documentation

Overview of Partnership to LLP Registration

Converting a partnership firm into a Limited Liability Partnership (LLP) is a strategic move that offers greater flexibility and legal protection. Unlike a traditional partnership, an LLP is a separate legal entity registered with the government, providing limited liability to its partners.

An LLP blends the operational freedom of a partnership with the legal benefits of a corporate structure. This makes it an ideal choice for growing businesses, as it safeguards partners’ interests while clearly defining their responsibilities.

Making the shift from Partnership to LLP is a smart step toward a more structured, secure, and scalable business model.

Procedure for Partnership to LLP Registration

1. Apply for DIN & DSC

  • Apply for DIN for designated partners (through FiLLiP).
  • Obtain DSC for all partners to sign forms digitally.

2. Name Reservation

  • Reserve the LLP name via MCA’s RUN-LLP service, selecting “Conversion of Partnership to LLP.”

3. File Conversion Forms

  • Submit Form-17 (conversion application) and Form FiLLiP (incorporation) with required documents like consent letters, financials, and partner details.

4. Certificate of Registration

  • Upon approval, ROC issues the LLP Registration Certificate under Form-19.

5. Draft LLP Agreement

  • Include key details: LLP name, partner rights/duties, business activity, contributions, and profit-sharing ratio.

6. File LLP Agreement – Form LLP-3

  • Submit the signed LLP Agreement to the ROC.

7. Inform Registrar of Firms – Form 14

  • Notify the Registrar of Firms within 15 days of conversion with a copy of the LLP Certificate and incorporation documents.

Documents Required for Partnership to LLP Registration

Documents to be Submitted by Partners

  • PAN Card/Passport: For identification (passport for foreign nationals/NRIs).
  • Identity Proof: Aadhar card, voter ID, passport, or driver’s license.
  • Address Proof: Recent utility bill (bank statement, electricity, gas, etc.).
  • Passport-Sized Photograph: A recent photo of each partner.
  • Specimen Signature: A signed blank document for reference.

Documents for Registered Office

  • Registered Office Address Proof: Recent utility bill (same as above).
  • Notarized Rental Agreement: If rented, an English rental agreement.
  • No-Objection Certificate (NOC): From the property owner if rented.
  • Sale/Property Deed: If owned, proof of ownership in English.

Note: Self-attestation for Indian partners; notarization/apostille required for foreign nationals/NRIs.

Why Choose TaxMyles for Partnership to LLP Registration?

TaxMyles specializes in providing comprehensive services for converting partnerships to LLPs. From initial advice to ensuring your LLP remains in good legal standing, we support you throughout the entire process.

Our services include:

  • Expert consultation and guidance for seamless partnership-to-LLP conversion.
  • Streamlined documentation preparation and submission for a hassle-free transition.
  • Assistance in obtaining Director Identification Numbers (DIN) for designated partners.
  • Management of name reservation and approval to secure a unique identity for your LLP.