Magus can help you with Conversion of Partnership Firm into a LLP in a hassle-free manner within a reasonable time span and competitive Professional fees. To know more please book a telephonic appointment with one of our consultants for free.
The process of Conversion of Partnership Firm into a LLP can take anywhere between 40 to 50 working days, subject to submission of correct information and complete documentation.
Preparation of DSC and DIN of all proposed Directors Preparation and Filing of name application through web form RUN through MCA portal. Preparation and filing of Eform URC 1, Eform spice, Eform Spice MOA & Eform Spice AOA Appropriate Government fees is payable depending upon the authorized capital of the company. Issuance of Certificate of incorporation along with PAN and TAN.
Particulars of members along with the proposed shareholding ratio Declaration of two or more directors verifying the particulars of all members Affidavit from all the partners for dissolution of the firm Copy of the LLP Agreement Copy of Newspaper advertisement in prescribed format Relevant certification from a CA/CS/CWA; etc. Consent of majority of members No objection certificate from the concerned Registrar of companies Certificate of registration of LLP Statement of accounts of the existing entity, prepared not later than 15 days preceding the date of application duly certified by auditor Undertaking by the proposed directors for compliance with requirements of...
The base rate of income tax in case of an LLP is 30%, whereas for private limited companies, the base rate of tax is 22% A private limited company has a separate legal identity as compared to a LLP. There is a separation of ownership and management in a private limited company, whereas in Limited Liability Partnership (LLP), the partners are owners and the managers of the LLP. The venture capitalist prefer corporate structures over LLP structures. Due to stringent compliances and disclosures under various laws, Companies enjoy a high degree of creditworthiness as compared to LLPs