HA

Sole Proprietorship to Limited Liability Partnership

For individuals who are interested to expand their business can plan to switch to the LLP business model. The conversion requires changing the registration or adding a new person to the business.

The process of conversion happens in just 4 simple steps: DIN or DPIN, Register DSC, LLP incorporation, and filing of LLP Agreement. 

What you get with HA

One just has to put up request / needs which one wishes too. HA is here to carry out for clients. We aim to ease the business process of our clients so that they can get maximum benefit of switching to LLP business model.

At HA we help our valuable clients to get Designated Partner Identification Number for which the two partners apply fulfilling all the requirements.

In concern with the acquiring DSG for the two partners and LLP incorporation which sometimes takes a roller-coaster ride can be easily carried out by team HA. Along all these, filing of the LLP Agreement which has to be filed within 30 days is carried out HA too. 

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Some simple procedure to transfer unutilized input tax credits into Partnership firm are as follows

 (1) Proprietorship firm shall file in FORM GST ITC-02, along with a request for transfer of unutilized input tax credit lying in his electronic credit ledger to the partnership firm;

(2) The proprietorship firm shall also submit a copy of a certificate issued by a practicing chartered accountant or cost accountant certifying that the sale, merger, de-merger, amalgamation, lease or transfer of business has been done with a specific provision for the transfer of liabilities.

(3) The Partnership firm shall, on the common portal, accept the details so furnished by the proprietorship firm and, upon such acceptance, the un-utilized credit specified in FORM GST ITC-02 shall be credited to his electronic credit ledger.

(4) The inputs and capital goods so transferred shall be duly accounted for by the partnership firm in his books of account.

The process which is discussed will convert a proprietorship firm into partnership firm

Ready to Convert Sole Proprietorship to LLP?

At HA we want to convey calming notes to our valuable clients that although the conversion of the business is a bit difficult process with our incredible team one can easily do the whole process.

apply proprietorship to llp

Let’s Talk

apply proprietorship to llp

Ready to Convert Sole Proprietorship to LLP?

At HA we want to convey calming notes to our valuable clients that although the conversion of the business is a bit difficult process with our incredible team one can easily do the whole process.

Lets talk

apply proprietorship to llp

Ready to Convert Sole Proprietorship to LLP?

 

At HA we want to convey calming notes to our valuable clients that although the conversion of the business is a bit difficult process with our incredible team one can easily do the whole process.

Lets talk