Conversion of Existing Partnership Into LLPs

Converting partnerships into Limited Liability Partnerships (LLPs) safeguards personal assets and enhances credibility. The process involves obtaining the consent of partners, drafting a conversion agreement, and filing requisite documents with the Registrar of Companies. LLPs combine the flexibility of partnerships with the limited liability features of companies.

Income Tax Objective

Silent Features

Required Document

Generally Required Financial Documents For Self Employed Category

- All Certified Financials Statements for latest 3 financial years.
- Bank statements.
- Business and Personal Profile.
- All Know Your Customer(KYC) Documents.
- All legal and title/Property Documents to be offered as collateral.
- Copy a Partnership deed (Applicable for a partnership Firm).
- Copy of MOA & AA (Applicable for a Private Limited Company).

Generally Required Financial Documents For A Salaried Category

- Latest 3 months company certified Salary Slips.
- Latest 3 years company certified FORM No 16.
- Latest 3 years Income Tax Returns.
- Bank Statements.
- All Know Your Customer(KYC) Documents.
- All legal and title/Property Documents to be offered as collateral.

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