All Professionals are  Under One Roof

Dedicated Support

500+ Positive Reviews

Client Satisfaction Guaranteed

Hello Auditor

What is the process for LLP conversion?

1. Check Eligibility and Obtain Approvals

  • Ensure the company is an unlisted private limited company
  • Confirm that there are no existing secured loans or charges on company assets
  • All shareholders must become partners in the LLP
  • Pass a board resolution and shareholder resolution approving the conversion

2. Apply for Name Reservation (RUN-LLP)

  • File the Reserve Unique Name – LLP (RUN-LLP) form on the MCA portal
  • Choose a name that complies with LLP naming guidelines and is not already registered
  • Wait for name approval before proceeding with the incorporation

3. File Incorporation and Conversion Forms (FiLLiP + Form 18)

  • File FiLLiP (Form for Incorporation of LLP) along with Form 18 for conversion
  • Attach the following documents:
    • Statement of shareholders and consent of all
    • Board and shareholder resolutions
    • Incorporation documents like PAN, address proof, and ID of partners
    • Latest financial statements of the company
    • Declaration of no pending legal or financial obligations

4. Issuance of Certificate of Registration

  • On approval, the ROC issues a Certificate of Registration of LLP
  • The company is deemed dissolved, and all assets and liabilities are transferred to the LLP
  • The LLP is now legally recognized as the successor of the private limited company

5. Post-Conversion Filings and Updates

  • File Form 14 within 15 days of conversion to notify the ROC of the previous company
  • Update PAN, TAN, GST, bank accounts, licenses, and other registrations in the LLP’s name
  • Inform clients, vendors, and tax authorities about the conversion

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *