Partnership to LLP
Limited Liability Partnerships have an advantage over the overall organization structure as it is considerably more helpful for the accomplices in question. LLP is a different legitimate substance with mandatory enlistment with the focal government, which isn’t true with the association. It is a business structure that incorporates the benefits of the organization’s corporate design and the adaptability of the association, for example for getting sorted out their interior piece and activity as an association. Consequently transformation of association firm into LLP is a decent business choice to get the accomplices’ privileges and breaking point their liabilities.
Document Required
- PAN Card
- ID Proof
- Photograph
- Business Address Proof
- NOC from owner
- Rent Agreement
- RoF
- Note: In case of NRI or Foreign National, documents of partner must be notarized or apostilled
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Benefits of partnership to LLP conversion
- Limited Liability of Owners
- Tax benefits
- separate legal entity
- Raising Capital