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Partnership Firm to LLP

Keep the flexibility of a partnership, but gain limited liability and a separate legal entity. We convert your partnership firm into an LLP, seamlessly.

Overview

A partnership firm exposes partners to unlimited liability. Converting to a Limited Liability Partnership (LLP) keeps the familiar partnership flexibility while adding limited liability and a separate legal identity — with lighter compliance than a company.

GovYapar handles the conversion — partner consents, the LLP incorporation and agreement, and the transfer of the firm’s assets and liabilities — so your business continues smoothly under the new structure.

What’s included

  • Eligibility & partner consents
  • LLP incorporation (FiLLiP)
  • LLP agreement drafting
  • Asset & liability transfer
  • PAN/TAN & bank transition
  • Post-conversion compliance guidance

Who needs this

  • Partnership firms wanting limited liability
  • Growing firms seeking a separate entity
  • Partners wanting lighter compliance than a company

Documents required

  • Existing partnership deed
  • Partners’ PAN & Aadhaar
  • Firm’s financials & asset details
  • Registered-office proof & NOC
How it works

Simple, done-for-you process

A real Chartered Accountant handles the filing end-to-end.

1

Consent & check

Partner consents & eligibility confirmed.

2

Incorporate LLP

FiLLiP filed; LLP agreement drafted.

3

Transfer

Firm’s assets & liabilities moved to the LLP.

4

Transition

Registrations & bank updated.

FAQs

Common questions

To get limited liability and a separate legal entity while keeping partnership flexibility — with lighter compliance than a company.

Yes — all partners must consent to the conversion. We prepare the required consents.

Yes — assets, liabilities and the business transfer to the LLP as part of the conversion.

If you don’t need to raise equity, an LLP offers limited liability with less compliance and cost. See our Pvt Ltd vs LLP comparison.

Related

Related services

Convert your partnership to an LLP.

Gain limited liability, keep the flexibility — seamless conversion.

Talk to a CA →