THE CONVERSION PROCESS
STEP 1: obtaining DPIN and DSC (Form DIR-3)
STEP 2:Filing Name Reservation through RUN-LLP with ROC
STEP 3: Filing Incorporation and conversion documents through Fillip form and Form 18
STEP 4 Drafting LLP Agreement.
STEP 5 Intimation to Roc in Form 14
STEP 6 Obtaining Certificate of registration as LLp
STEP 7: Filling of LLP agreement through form 3 with ROC.
Because of its flexibility, consistency, taxation, and performance, LLP will be useful to small and medium-sized businesses, generally, and to service-based businesses and professional companies, in particular. Globally, LLPs are a leading vehicle for business, especially for the services industry or professional-related jobs. Conversion from the existing corporate structure can be made to the LLP while retaining the benefits of Limited Liability and limited consistency.
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