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Even when partners change, an LLP keeps its authority and autonomy. This is because, LLPs are treated as independent legal entities. So you get the best of both worlds!
Here’s everything you need to know:
Address proof of the office
Subscription sheets
Consent of designated partners
Identity proof of all partners
Resident proofs of all partners
For voluntary winding up:
Step 1: Obtain DSC and DIN
In order to begin the conversion, a digital signature and an identification number of all designated partners are required.
Step 2: Conduct a meeting with directors
This involves passing a resolution to sanction the conversion of the private limited company to an LLP
Step 3: Apply to reserve name
Obtain a certificate of approval from the Registrar of Companies and reserve a name for your LLP.
Step 4: Incorporation form
After the allocation of a new name for your LLP, you need to file for its incorporation along with the necessary documents.
Step 5: Apply for conversion and certificate
Along with the incorporation form, you would also need to fill out Form 18 and apply for the certificate of incorporation. This will seal the deal for the conversion into an LLP.
Step 6: File agreement and additional forms
Once the LLP is incorporated, the company needs to draft an LLP agreement with the designated partners, and fill out E-Form-3 and E-Form-14 as the final step.
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