LLP offers a benefit of company and partnership therefore many companies convert themselves into LLP to gain direct control over operations unlike in the case of a company where control is in the hands of directors. LLP registration has the advantage of self-governance and less compliance as compared to other types of corporate entities. LLP also has lesser compliance and easy to operate.

Pre-requisites for conversion

· All the members of the company become partners of LLP.

· No unsatisfied Charges pending on the company.

· Company has filed its latest financial statements and annual return with ROC.

· Company has filed latest IT Return.

· No prosecution has been initiated against the company.

·  Creditors of the company must have consented to the conversion.

Documents required for conversion

1. Consent to act as Designated Partners and Partners

2. Address proof of the registered office of LLP

3. Subscribers Sheet

4. Identity and Resident proofs of designated partners and partners

5. All the details & documents of the company.

6. Statement of Shareholder Consent

7. Statement of accounts of the company certified as true and correct by the independent auditor

8. List of all the secured creditors along with their consent

9. Affidavit by directors verifying creditor along with creditor list

10. Shareholder List

11. Latest ITR Acknowledgement

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