Private Limited Into LLP
OPC provides a whole new bracket of opportunities for those looking to start their own ventureA limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities.
Private Limited Into LLP
Limited liability partnership is a combination of both partnership and corporation. It has the feature of both these forms. As the name suggests partners have limited liability in the company which means that personal assets of the partners are not used for paying off the debts of the company. Nowadays it has become very popular form of business as many entrepreneurs are opting this. All limited liability partnership is governed under the limited liability partnership act of 2008.
Documents Required For Private Limited To LLP
- Approval of name
- Securing DSC and DIN
- Filing form no. URC – 1
- Memorandum of Association & Articles of Association
Process For Private Limited To LLP
All the partners are required to get DPIN(Designated Partner Identification Number). DIN can be used if a partners possesses DIN.
Digital Signature Certificate should be obtained and should be registered with the LLP Application.
Name approval should be obtained from Ministry of Corporate Affairs Application.
Application for conversion has to be made in E-form 17 along with necessary documents.
Once certificate of registration of LLP is issued, concerned LLP shall within 15 days from the date of registration inform the concerned Registrar of Firms with whom the erstwhile firm was registered about such conversion to that line of business.
What’s included in package?
Frequently Asked Questions
What is the validity period of the name approved for LLP?
Can a LLP undertake Not-for-Profit activities?
Will the assets and liabilities of the firm be transferred automatically to LLP?
What are the compliance requirements for LLPs?
When is an LLP required to get its books audited?
Why Choose Madras Filings
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