Convert Proprietorship to Limited Liability Partnership in

3 simple steps, you get

Let's incorporate your Limited Liability Partnership!


    Converting a proprietorship to a Limited Liability Partnership (LLP) marks a strategic shift in the business structure, offering entrepreneurs a more flexible and collaborative framework. While a proprietorship embodies simplicity and sole ownership, transitioning to an LLP introduces the concept of shared responsibility and limited liability. This evolution allows for a more dynamic and scalable business model, fostering collaboration among partners while providing a shield against personal liability.

    In this transformation, the business gains the advantages of a separate legal entity, enhanced financial security, and a structure conducive to shared decision-making.

    As Bright Accounts, we offer seamless assistance in converting your proprietorship to LLP. Our expert team guides you through the entire process, ensuring a smooth transition. From document preparation to filing and compliance, we handle every aspect to make the conversion hassle-free. 

    The whole process will be managed by a Certified Chartered Accountant and Company Secretary

    Documents Checklist

    We have compiled a detailed list of  documents required to convert your Sole Proprietorship to Private Limited Company

    Identity Proof

    Other Documents

    Address Proof


    Conversion Process

    in 3 Simple Steps

    At Bright Accounts, we have simplified the entire conversion process of a converting Sole Proprietorship to Limited Liability Partnership into 3 simple steps. This makes your journey smooth, structured and easy.

    Upon successful review and compliance, the RoC issues the Certificate of Incorporation, officially recognizing the conversion of the sole proprietorship into an LLP.


    What's Good

    about a converting Proprietorship to Limited Liability Partnership

    Separate Legal Entity

    Much like a company, an LLP maintains a distinct legal identity. It operates independently of its partners. The registered LLP is treated as a separate person. Because of this contracts are executed under the LLP’s name creating trust among various stakeholders.

    No Mandatory Capital Contribution

    There is no minimum capital requirement to register a Limited Liability Partnership. The partners can decide to incorporate a Limited Liability Partnership with any amount of capital.

    Limited Liabilty

    In an LLP, partners benefit from limited liability. This implies that partners are responsible only for the amount they have invested. In the event of insolvency or winding up, partners need not settle debts from their personal assets, only the assets of the LLP are utilised to settle debts.

    Flexible Partners Limit

    In a Partnership Business, there is a maximum limit of the number of partners. However, in the case of LLP there is no ceiling limit on the number of partners. There must be at least 2 Designated Partners.

    Cost-Effectiveness and Minimal Compliance

    The cost of registration and incorporation of a Limited Liability Partnership is quite low in comparison to the cost of incorporating a public or private limited company. The compliance burden is also minimal, with the LLP required to file only two statements annually— the Annual Return and the Statement of Accounts and Solvency.

    Transparent Governance

    LLPs are subject to transparent governance practices. This includes the preparation of financial statements, filing of annual returns, and adherence to regulatory guidelines.

    What do you get

    when you work with Bright Accounts

    Convert your Sole Proprietorship to Limited Liability Partnership

    When you convert your Sole Proprietorship to Limited Liability Partnership with the help of Bright Accounts, you not only get the items mentioned on the side, you also get a friend who advices, guides and helps you grow into a great business. 

    Why Bright Accounts

    There are many reasons why clients choose Bright Accounts, but from our experience we have listed the four main reason why you should go with us.

    Bright & Knowledgeable

    Bright Accounts delivers high quality financial services by a team of bright and knowledgeable experts.

    Always happy to help

    Bright Accounts commit to provide dedicated support and assistance to our clients.

    Professional & Approachable

    We maintain a high level of professionalism while being easily approachable for our clients.

    Easy & Quick

    We focus on streamlining and simplifying the complex processes for our clients.

    Prerequisites or Conditions

    The following are conditions for Prerequisites for conversions of a Proprietorship to Limited Liability Partnership

    Frequently Asked Questions

    Converting a Proprietorship into an LLP offers several advantages, including limited liability protection for partners, separate legal entity status, ease of transferability, perpetual succession, and tax benefits available to LLPs.

    In general, most types of businesses can be converted from a Proprietorship to an LLP, subject to compliance with the applicable regulations and eligibility criteria. However, certain businesses may have specific restrictions or requirements based on their nature or industry sector.

    After conversion, the LLP is required to comply with the regulatory obligations applicable to LLPs, including filing annual returns, maintaining proper accounts, conducting meetings, and adhering to tax laws and other statutory requirements

    The conversion itself is not subject to tax implications. However, there may be tax implications arising from the change in business structure, such as capital gains tax on the transfer of assets or liabilities from the proprietorship to the LLP. It’s advisable to consult with a tax advisor to understand the specific tax implications.

    The duration of the conversion process may vary depending on factors such as the completeness of documentation, approval timelines from the ROC, and other procedural requirements. In general, the process may take several weeks to complete from the date of filing the necessary documents with the ROC.

    Yes, existing contracts and agreements entered into by the proprietorship can be transferred to the LLP after conversion, subject to the consent of the parties involved and compliance with contractual obligations. It’s essential to review existing contracts and agreements to ensure a smooth transition to the LLP structure.

    Bought Together

    There are many reasons why clients choose Bright Accounts, but from our experience we have listed the four main reason why you should go with us.

    Limited Liability Partnership Annual Compliances

    Navigate LLP annual compliance effortlessly with Bright Accounts. Our dedicated team ensures timely submission and adherence to rules.

    Obtain your business license today

    Ensure compliance with local regulations and establish your business's legal presence effortlessly. Let us handle the paperwork.

    Outsource Accounting & Bookkeeping

    Save valuable time, money and labor by outsourcing your accounting and bookkeeping tasks to Bright Accounts experts.