About the service
An LLP is a body corporate, and a legal entity separate from its partner. An LLP has perpetual succession. In India, an LLP is governed by the Limited Liability Partnership Act, 2008 (“LLP Act”) and rules made thereunder.
The step for incorporating an LLP involves Reservation of name. An application for reservation of the name can be made through the web service, Reserve Unique Name LLP. (RUN LLP) An application for incorporation of LLP can be made through webform FiLLiP along with webform 9 which is an integrated service for incorporation of LLP. Within 30 days of incorporation of the LLP, the limited liability partnership agreement should be executed by the partners and filed with the RoC in webform 3. The limited liability partnership agreement lays down the inter-se rights, liabilities, and duties of the partners
Yes, any existing private company or existing unlisted public company can be converted into LLP by complying with the Provisions of clause 58 and Schedule III and IV of the LLP Act. Webform 18 needs to be filed with the registrar along with webform FiLLiP for such conversion.
No, only private / unlisted public company can be converted into LLP.