Convert Partnership Firm to LLP
Firm to LLP under Section 55 and the Second Schedule of the LLP Act
- 1PrepareName, LLP agreement and creditor consents ready.
- 2FileForm 17 with FiLLiP; certificate issued.
- 3CloseFirm dissolved in records; registrations moved.
Share your details. We’ll reply on WhatsApp with the next steps and a checklist.
Pick a plan — the fee is adjusted if you hire us within 30 days.
About Convert Partnership Firm to LLP
A clear overview, in simple terms — what it is, why it matters, and how we handle it.
A partnership firm converts into an LLP by filing Form 17 along with FiLLiP under Section 55 and the Second Schedule of the LLP Act, 2008. All partners of the firm must become partners of the LLP and no one else. On registration, the firm's property, liabilities, contracts and proceedings vest in the LLP and the firm is treated as dissolved, with intimation to the Registrar of Firms.
The Income-tax Act has no specific section exempting a firm-to-LLP conversion, but where the same partners continue in the same profit-sharing ratio and no consideration is paid, the conversion is widely treated as not involving a transfer. We document it to support that position and review carried-forward losses and depreciation separately.
After registration, the firm's GST registration is replaced by the LLP's (with ITC-02 for credit transfer), and bank accounts, licences, property records and contracts are updated. The firm's last return covers the period up to the conversion date.
| Law | Section 55 and Second Schedule, LLP Act 2008 |
|---|---|
| Forms | Form 17 + FiLLiP |
| Partners | All firm partners, and only they, become LLP partners |
| Effect | Assets, liabilities and contracts vest in the LLP |
| GST | New GSTIN; credit moved via ITC-02 |
Who this is for
Common scenarios where this service is a good fit.
- Firms wanting limited liability without company-level compliance
- Professional and family firms
- Firms planning to admit new partners with liability protection
What you get
Clear deliverables so you know exactly what's included.
- Name reservation and LLP agreement
- Form 17 and FiLLiP filing
- Intimation to Registrar of Firms
- GST, bank and licence migration
Expert review before every submission — not just data entry.
Working notes and reconciliations you can rely on in future notices.
Resident Indians, NRIs, expats and cross-border businesses — all served.
Documents required
A practical checklist. We'll tell you if anything else is needed based on your case.
* This is a base checklist. After a quick pre-check, we may ask for additional items specific to your case.
Process
A simple, trackable workflow — designed to avoid back-and-forth.
Name, LLP agreement and creditor consents ready.
Form 17 with FiLLiP; certificate issued.
Firm dissolved in records; registrations moved.
Get a quote
We share a clear quote on WhatsApp after a quick checklist pre-check.
- Fixed quote on WhatsApp after a short look at your facts and documents.
- Government fees, if any, are paid at actuals and shown separately.
| Factor | DIY | Indus Tax |
|---|---|---|
| Expert review | ❌ | ✅ |
| Notice risk reduction | ❌ | ✅ |
| Deduction optimisation | ❌ | ✅ |
| Audit-ready records | ❌ | ✅ |
| AIS/26AS reconciliation | ❌ | ✅ |
Share your facts and deadline. We'll reply with the right checklist and a clear quote.
Fee adjusted against our service fee if you go ahead within 30 days.
- Priority CA Call-backSkip the queue — a CA calls you within 30 minutes.₹255
- RecommendedCA Consultation (30 min)Talk one matter through properly with a CA.₹755
- In-depth CA Review (60 min)Documents reviewed before the call, written action plan after.₹1,155
Call-backs run Mon–Sat, 9 AM–6 PM IST. Booked outside these hours? We call you first thing the next working morning.
Compare the 3 plansFrequently asked questions
Answers to the most common questions we get.
This page also covers
- Proprietorship to LLP
- Needs a business transfer and is not specifically tax-exempt.
Official sources
Indus Tax is a private professional services firm and is not affiliated with any government authority. Rules and fees change — we confirm current positions before filing.
