Convert Your Firm
Into an LLP Legally.
Upgrade from unlimited personal risk to limited liability. We securely transition your existing Partnership Firm into an LLP, retaining your brand name and transferring assets seamlessly under the LLP Act, 2008.
Why Upgrade to an LLP?
Limited Personal Liability
Unlike a traditional firm, your personal assets (home, savings) are protected if the LLP incurs heavy debts or legal claims.
Separate Legal Entity
The LLP gains perpetual succession, meaning the business continues to exist even if partners change or pass away.
Better Corporate Image
LLPs are registered with the MCA, offering transparency that builds trust with banks, vendors, and larger corporate clients.
Statutory Rules for Conversion
Converting a firm requires strict adherence to Chapter X and Schedule II of the Limited Liability Partnership Act, 2008. Here are the mandatory conditions.
1. Same Partners Rule
The composition of the firm cannot change during the transition process.
- All partners of the existing firm must become the designated partners/partners of the new LLP.
- No new partner can be introduced, nor can an existing partner exit, directly through the conversion application itself.
2. No Pending Liabilities
The ROC will not allow a firm to convert if it is attempting to escape statutory dues.
- The firm must have up-to-date Income Tax Returns.
- Must obtain No Objection Certificates (NOCs) from secured creditors and banks.
- A CA-certified statement of assets and liabilities (not older than 30 days) is mandatory.
3. Form 17 and FiLLiP
Conversion is a dual process of applying for transition and incorporating the new entity.
- Form 17: The specific application requesting the ROC to convert the firm into an LLP.
- Form FiLLiP: Filed simultaneously to incorporate the LLP and allot DPINs to the partners.
4. Post-Approval Requirements
Getting the certificate from the MCA does not end the compliance journey.
- You must inform the Registrar of Firms (if registered) within 15 days of conversion.
- The new LLP Agreement (Form 3) must be filed within 30 days of incorporation to avoid the ₹100/day penalty.
How we execute the conversion
Our expert CAs and Secretarial team manage the entire transition securely, drafting the documents and filing the MCA forms.
DSC & Approvals
We secure Digital Signatures for all partners, prepare the consent letters, and obtain the name approval (RUN-LLP).
Form 17 & FiLLiP
Our team compiles the statement of assets (CA certified) and files the conversion and incorporation forms simultaneously with the ROC.
Certificate Allotment
Upon approval, the MCA issues the new Certificate of Incorporation and automatically assigns the new LLP PAN and TAN.
LLP Agreement
We draft the new, compliant LLP Agreement, calculate stamp duty, and file Form 3 within the 30-day deadline.
Conversion Plans
Select the required service tier. We'll schedule a call with a Corporate Restructuring Expert immediately to verify your requirements. No payment required upfront.
Standard LLP Conversion
Ideal for small partnerships with ready CA certifications and standard agreement needs.
- Dedicated Corporate Expert
- Filing of Form 17 and FiLLiP
- DPIN Allotment (2 Partners)
- Standard LLP Agreement Filing (Form 3)
Premium Conversion
For operational firms needing CA assistance with asset statements and complex LLP drafting.
- Senior CA & Legal Team Assigned
- Preparation of CA Certified Asset Statement
- Custom LLP Agreement Drafting
- Support for Bank NOC & Intimation to RoF
Important: The prices above are Professional Fees for the conversion process.
Government MCA fees, stamp duty on the LLP agreement (varies heavily by state and contribution), and new DSC procurement costs are strictly extra and billed at actuals.
Required Documents
You will securely upload these documents directly to your encrypted client vault to initiate the conversion.
Firm Documents
Partnership Deed and RoF Registration Certificate.
Partner Details
PAN, Aadhaar, Photo, and Bank Statement for all partners.
Financials & Returns
Latest ITR filed and a Statement of Assets/Liabilities.
NOCs
No Objection Certificate from secured creditors and the landlord.
GST & Banking Transition
Because the PAN of the entity changes (a firm's PAN is different from an LLP's PAN), you cannot simply "update" your GST or Bank Account. After conversion, you must apply for a new GSTIN and open new bank accounts. We provide advisory on migrating your ITC via Form ITC-02 safely.