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Conversion of Partnership Firm to LLP

Conversion of Partnership Firm to LLP

Convert your Partnership Firm into a Limited Liability Partnership (LLP) online with expert CA support. Get LLP Agreement, DIN, DSC, Name Approval, PAN — all at affordable prices.

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Digital Signature & DIN for Directors
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LLP Agreement Drafting
Company PAN Card
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Procedure

Procedure for Conversion of Partnership to LLP

01
Application Form

Complete the Conversion of Partnership Firm Application Form.

02
Documents

Provide us with pertinent documents.

03
Online Payment

Make an online payment.

04
Partnership

Our executive will manage the application process for Conversion of Partnership Firm.

05
Certificate

We will mail you a Certificate of Incorporation.

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Conversion of Partnership Firm to LLP
Definition

Conversion of Partnership Firm to LLP

Several partnership firms began converting to LLPs after the LLP Act was introduced in 2008. The benefits of conversion are obvious — including the possibility to accept an infinite number of partners, the creation of a new legal body, limited liability, and simplicity in the transfer of ownership.

The Indian Partnership Act, 1932 requires the Partnership Firm that wants to become an LLP to register. Unregistered Partnership Firm can't be transformed to LLP. The partners in an LLP that was formed by converting a partnership firm into an LLP must be the same.

As a result, it is recommended that the Partnership Firm retire all of the Partners who do not wish to be a part of LLP, and that new partners be joined after LLP has been incorporated.

Characteristics

Characteristics of Partnership

Agreement Between Partners

A partnership or agreement between two or more people to split the gains and losses of a specific endeavor or business.

Partnership Deed

The profit sharing percentages of the partners are laid forth in a separate legal document called a partnership deed.

Limited Liability Status

Limited liability status gives partners more freedom and flexibility.

Documents

Documents for Conversion of Partnership to LLP

For Partners
  • Copy of each proposed partner's PAN card
  • Passport / Voter ID / Ration card / Driving license / Aadhaar
  • Most recent passport-size photos (2 copies)
  • Bank statements (last 2 months)
For Business Place
  • Electricity / Telephone / Gas / Mobile bills
  • Utility bills from company location (max 2 months old)
  • Rented premises agreement or property papers
  • Landlord NOC (in downloaded PDF format)
Other Documents
  • Partners' contributions information
  • Partnership deed & post-incorporation documents
  • Proposed LLP name & authorized capital
  • Digital Signature Certificate (DSC)
Requirements

Minimum Requirements for Conversion to LLP

Timely ITR Filing

Timely filing of income tax returns

Creditor Consent

All creditors must agree to the proposed conversion in LLP

Min 2 Partners

Two partners required — at least one Indian resident

DPIN & DSC

DPIN & DSC for all Partners

Detailed Process

Process for Conversion of Partnership to LLP

01
Step 1: Apply for DIN and DSC

The applicant must apply for a Director Identification Number (DIN) and a Digital Signature Certificate (DSC).

02
Step 2: Verification of Company Name

The company name is checked and verified in this step to ensure that it complies with the Ministry of Corporate Affairs' (MCA) requirement.

03
Step 3: Filling out the Form

Once the name of the business has been approved by the relevant authorities, the applicant will submit the application form for the certificate of incorporation through the MCA portal, with supporting papers.

04
Step 4: Document Submission

After completing the aforementioned steps, the applicant must submit all necessary paperwork to the MCA.

05
Step 5: Company Incorporation

The partnership would get its certificate of incorporation from the Registrar through this procedure, which would result in the transfer of all of its interests, assets, and obligations to the LLP.

06
Step 6: Update Registrar of Firms

The last step requires the LLP's partners to inform the firms in a form that must be filed to the Registrar within 15 days of this process about the change in the partnership's status to LLP.

It takes 15-30 working days (approx.) to complete the Conversion process. The timeline may vary depending on responses from the MCA/ROC department.
Benefits

Benefits of Conversion of Partnership to LLP

Increased Investment

It would raise the amount of investment in the LLP and boost the company's reputation, attracting additional money from investors.

Permanent Succession

A partner's departure or death does not cause the partnership firm to dissolve.

Limited Liability

Limited liability would provide the firm's partners a degree of independence and keep the partners' liabilities distinct from the firm's.

Management Choice

When compared to a conventional partnership firm, an LLP has more flexibility and a faster decision-making process.

Foreign Direct Investment

The Indian government has loosened the rules governing FDI in an LLP.

Separate Legal Entity

An LLP is a separate legal entity distinct from its partners — better credibility in the market.

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Why Choose S.K. & Associates

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FAQ

Frequently Asked Questions

A minimum of 2 partners are required to start an LLP. There is no upper limit on the number of partners. At least 2 must be designated partners, with one being an Indian resident.

Any individual or body corporate can become a partner in an LLP. At least 2 individuals must be designated partners, and at least one of them must be an Indian resident.

No, the entire conversion process is 100% online. You don't need to be physically present — all documents can be signed digitally using DSC.

Our package price includes professional fees. Government fees (ROC + stamp duty) vary by state and authorized capital — these are disclosed upfront. No hidden charges.

Typically 15-30 working days, depending on document readiness and MCA approval speed.

Yes, NRIs and foreign nationals can become designated partners in an Indian LLP, subject to FEMA regulations. Additional documents like passport and address proof are required.

Advantages of LLP: lower compliance cost, no minimum capital, easier to manage, no mandatory audit until ₹40 lakh turnover, and simpler profit-sharing. Ideal for professional services firms.

Disadvantages: cannot raise equity from VC/Angel investors easily, no ESOPs, ownership transfer is restricted, and higher tax rate (30% + surcharge). Private Limited Companies are better for fundraising.