Partnership To LLP

A Limited Liability Partnership is a much more advanced business vehicle than a regular partnership.

About This Plan

A Limited Liability Partnership (LLP) can prove to be a much better business vehicle than a regular partnership. Partners aren't disadvantaged by personal liability and the LLP does away with the 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 number of partners or capital contribution requirements.

  • You have just fill the Above form.
  • GooodCa Expert will call you within 5 minutes.
  • Documents Will be delivered to you by courier

Services Covered

  • Convert a Partnership to an LLP

Who Should Buy

  • LLP Organisation and Business

How It's Done

  • You have just fill the Above form.
  • GooodCa Expert will call you within 5 minutes.
  • Documents Will be delivered to you by courier.
10 DaysEstimate

Benefits

  • Limits Members Liability

    Businesses often need to borrow money. In a General Partnership, partners are personally liable for all this debt. So if it cannot be repaid by the business, the partners would have to sell their personal possessions to do so. In an LLP, only the amount invested in starting the business would be lost; all personal property would be safe.

  • Investment-Ready

    Private limited companies easily accommodate equity funding as there is a clear distinction between shareholders and directors as well as limited liability. In fact, venture capitalists and private equity funds are unlikely to invest in any other structure. This is because LLPs would require them to become partners in the business, while an OPC can have only one shareholder.

  • Reduced Compliance

    An LLP only requires audited annual returns to be filed if it has a turnover of greater than Rs. 40 lakh or capital contribution of over Rs. 25 lakh. It also needs to communicate fewer business transactions and structural changes than a private limited company.


Documents Information

Documents To Be Submitted

  1. Suppporting Documents
You can purchase this plan in below price.

3499 /-

Checklists

Frequenty Asked Questions

Customer Review