Conversion of partnership firm into llp
Mukesh Kumar (CA Job) (96 Points)
20 October 2016Mukesh Kumar (CA Job) (96 Points)
20 October 2016
CA VIRAL SANGHVI
(Finance head)
(681 Points)
Replied 20 October 2016
See
As far as partnership is concern,There are two options
1. oral partnership
2.written partnership
It is not compulsory to do the written partnership but it is advisable.
So you can convert the existing partnership into LLP
Mukesh Kumar
(CA Job)
(96 Points)
Replied 20 October 2016
It means a unregistered firm can also be converted into LLP
CA VIRAL SANGHVI
(Finance head)
(681 Points)
Replied 20 October 2016
See your partnership firm is unregistered so it has no legal existence, so first you should register it.The process for it is very easy than you can convert it into LLP
Mukesh Kumar
(CA Job)
(96 Points)
Replied 20 October 2016
OK MY Firm is unregistered under partnership act but we have taken Service Tax , TAN and PAN
As we have Service Tax Number, whether our firm will be treated as unregistered or registered