A partnership firm may be converted into a LLP by making all the partners of partnership firm, the partners of new LLP Choosing Limited Liability Partnership would give the people who are the part of incorporation the simplicity and flexibility out of the box. The Limited Liability Partnership was Act 2008 was first published on official Gazette of India on 9 January 2009 and the partnership deed must comply to the requirements under the Companies Act 2013 in most of its affairs. A Limited Liability Partnership (LLP) can prove to be a much better business vehicle than a regular partnership. Partnerships are affected by personal liabilities, and LLPs remove excessive regulations of the Indian Partnership Act, 1932. Furthermore, there are tax benefits, no audit requirements below a certain capital, no cap with regard to a number of partners or capital contribution requirements.
In Limited Liability Partnership registration the partners can enjoy the two fold benefits of liability isolation and as well as to reap the benefits of the business agreement that was proposed during incorporation between the partners
At Unilex Consultants we provide you a hassle free conversion of partnership firm to LLP which would be dealt by our professionals. Our team takes care of the documentation and aids in provide you the realistic estimation of cost.
The primary reason of many prefering to stick to LLP registration is the obvious point of having no limit to the partners involved the set business.
Limited Liability plays an major role in the decision as the partners are limited to the actions they make for the shares.
The company would exist in succession fashion as the governmental body treats it as a separate entity in terms of law.
The company rules are flexible and they can be effective as long as they are present in the partnership deed that would be agreed by all the partners.
The company can enjoy the benefits of tax and can claim for expenses like Salary to Directors, Professional Fees, Audit fees, Rent and Depreciation on its Assets.
Unlike normal Partnership firms, LLP firms are given more recognition as they are regulated in company point of view by law.
Digital Signature Certificate (DSC) is required for the proposed partners of the LLP. After getting DSC we will apply for name approval.
Once the name gets approved, our team will get in touch and collect all the requisite documents in scan for the conversion through form-17.
After the review of all the documents required, we will submit them to the MCA and once it gets approved by the ministry and get your LLP incorporated.
Well with highly qualified professionals in our team along with the technology gives edge over others, as a result highly rated professional services with full customer satisfaction is assured. We help to grow and manage your business letting you to concentrate on your business.
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