🤝 Why Convert to an LLP?

Before diving into the process, here are some key benefits of an LLP:

🔐 Limited Liability – Partners are not personally liable for business debts.
📄 Separate Legal Entity – The LLP has its own legal identity.
📈 Increased Credibility – Better image for banks, clients, and investors.
💼 No Audit up to ₹40 lakhs Turnover – Lower compliance cost for small businesses.

2️⃣ Apply for Director Identification Number (DIN)

🆔 DIN is required for designated partners of the LLP.

✅ File Form DIR-3 along with ID and address proof.
🕒 Time: 1–2 days 

3️⃣ Name Reservation via RUN-LLP Form

📝 Propose a name for your LLP through the RUN-LLP form on the MCA portal.

⚠️ Ensure the name is unique and follows LLP naming guidelines.
💡 Tip: Include “LLP” at the end of the name. 

4️⃣ File Form FiLLiP

📑 FiLLiP (Form for incorporation of LLP) must be filed with MCA.

Include:

• Details of partners and LLP agreement

• Address of the registered office

• Consent of partners

📂 Attachments: PAN, Aadhaar, ID proofs, utility bill (for address proof).
💸 Government fee depends on capital contribution. 

5️⃣ File Form 17 – Application for Conversion

🔄 File Form 17 along with FiLLiP for conversion from partnership to LLP.

Include:

• Statement of assets & liabilities

• Copy of the latest Income Tax Return

• Consent of all partners 
  

7️⃣ Receive Certificate of Incorporation

🎉 Once all documents are verified, you’ll receive a Certificate of Incorporation from the MCA. Your firm is now an LLP!

📑 Post-Incorporation Compliances

📌 Apply for:

• New PAN & TAN in the LLP’s name

• GST registration (if applicable)

• Update bank account details

• Inform local authorities (if required) 
  

📍 Local Notes for Goa

🏛️ Some local registrations or licenses may need to be updated:

• Shops & Establishments Registration

• Local trade licenses (if any)

• Panchayat or Municipality permissions

Check with Goa Industrial Development Corporation (GIDC) if applicable.

🧾 Cost Involved

Service	Approx. Cost
DSC (per partner)	₹1000–₹1500
DIN	₹500
Government Filing Fees	₹1000–₹3000 (based on capital)
Professional Fees	₹5000–₹15000 (if using a CA/CS)

📞 Need Help?

You can consult a Company Secretary or Chartered Accountant in Goa to ensure a smooth conversion. A local expert can help you with document preparation, filing, and compliance.

✅ Conclusion

Converting your partnership firm into an LLP in Goa gives your business a modern structure with legal benefits. 🧠 It’s a straightforward process if you follow the legal steps carefully and submit accurate documentation.

Created & Posted by Ravi

Intern at TAXAJ

TAXAJ is a consortium of CA, CS, Advocates & Professionals from specific fields to provide you a One Stop Solution for all your Business, Financial, Taxation & Legal Matters under One Roof. Some of them are: Launch Your Start-Up Company/Business, Trademark & Brand Registration, Digital Marketing, E-Stamp Paper Online, Closure of Business, Legal Services, Payroll Services, etc. For any further queries related to this or anything else visit TAXAJ

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