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Partnership Firm to LLP Conversion | Beyonte Compliance
Business Services ยท Company Conversion

Partnership Firm to LLP

Convert your registered or unregistered Partnership Firm to an LLP under Schedule II of the LLP Act 2008 โ€” partner consent, Form 17 filing, new LLP Agreement and LLP Certificate of Incorporation.

  • ๐Ÿค Partnership to LLP
  • ๐Ÿ“„ Form 17 Filing
  • ๐Ÿข Schedule II LLP Act
  • โœ… Partner Consent
  • ๐Ÿ“ฌ New LLP Certificate
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Convert your Partnership Firm to an LLP

Share your firm details. We handle partner consent, Form 17, LLP agreement and all registrations.

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What We Handle

A complete partnership firm to llp package

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Partner Consent

Written consent of all partners of the firm to convert to an LLP โ€” no dissenting partner allowed.

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Form 17 Filing

Form 17 (Application for Conversion of Firm to LLP) filed with the Registrar of LLPs.

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LLP Agreement Drafting

New LLP Agreement specifying partners, designated partners, contribution and profit-sharing ratio.

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DPIN for Partners

All partners obtain DPIN (Designated Partner Identification Number) before Form 17 is filed.

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New LLP Certificate

Registrar issues a new LLP Certificate of Incorporation after processing Form 17.

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GST and Bank Transfer

GST registration, bank accounts and all other registrations transferred from the firm to the new LLP.

Key Requirements

What is needed for partnership firm to llp

All Partners Must Consent

Every partner of the firm must consent in writing to the conversion โ€” conversion cannot proceed otherwise.

DPIN Required for All Partners

All partners must have a valid DPIN / DIN before the Form 17 application is filed.

Registered Firm Preferred

For a registered partnership firm, the Form 3 registration certificate is required as an attachment to Form 17.

LLP Agreement Filed Simultaneously

Form 3 for the LLP Agreement must be filed within 30 days of the LLP Certificate of Incorporation.

Firm Must Be Dissolved

After conversion, the partnership firm ceases to exist โ€” the firm's registration must be wound up with the Registrar of Firms.

GST Transition

GST registration of the firm must be cancelled and fresh GST registration obtained for the LLP.

ℹ️

The partnership firm ceases to exist on the date the LLP receives its Certificate of Incorporation. All assets, liabilities and employees transfer automatically. However, GST registration, bank accounts and state-specific licences must be proactively transferred โ€” they do not transfer automatically.

Common Pitfalls

Common issues with partnership firm to llp

DPIN not obtained by partnersForm 17 cannot be filed without all partners having valid DPIN โ€” delays conversion.
Firm registration not availableUnregistered firms cannot attach a firm registration certificate โ€” mention clearly in Form 17.
LLP agreement not filed in 30 daysForm 3 not filed within 30 days of LLP incorporation โ€” LLP in default.
GST not transferredOld firm GST not cancelled and LLP GST not obtained โ€” tax compliance gap.
Firm not dissolvedPartnership firm continues to exist on paper alongside the LLP โ€” dual entity confusion.
Bank account not updatedOld firm bank account not converted โ€” difficulties in banking operations post-conversion.
How It Works

Simple steps, no surprises

1

Partner consent and DPIN

All partners give written consent, DPIN obtained for all โ€” unregistered firm status noted.

2

Form 17 and LLP agreement filed

Form 17 filed with Registrar of LLPs โ€” LLP Certificate received โ€” Form 3 filed within 30 days.

3

GST and bank transferred

Old firm GST cancelled, new LLP GST registered โ€” bank accounts updated to LLP name.

4

Firm dissolved

Partnership firm dissolved and deregistered with the Registrar of Firms.

FAQ

Frequently asked questions

Yes. Both registered and unregistered partnership firms can convert to an LLP under Schedule II of the LLP Act 2008 by filing Form 17 with the Registrar of LLPs. All partners must consent to the conversion.

Form 17 is the application for conversion of a partnership firm to an LLP. It is filed with the Registrar of LLPs along with the consent of all partners, the LLP agreement, DPIN details and (for registered firms) the firm registration certificate.

Yes. All existing partners of the partnership firm must become partners of the LLP on conversion. New partners can be admitted simultaneously, but none of the existing partners can be excluded from the converted LLP.

A Designated Partner Identification Number (DPIN) is a unique identification number for designated partners of an LLP โ€” similar to a DIN for company directors. All partners who will be designated partners of the converted LLP must obtain a DPIN before Form 17 is filed.

All assets, liabilities, rights and obligations of the partnership firm vest in the LLP on the date of conversion. Employees are deemed to be employees of the LLP. However, licences, bank accounts and regulatory registrations must be proactively transferred to the LLP.

Ready to convert your Partnership Firm to an LLP?

We handle partner consents, DPIN, Form 17, LLP agreement and all post-conversion registrations.