Conversion of a Firm to an LLP
Section 26 of the Limited Liability Partnerships (Guernsey) Law, 2013 permits a firm to be converted into an LLP.
'Firm' means persons who enter into partnership with one another with a view to carrying out a business to make a profit.
'Conversion' means the transfer of property,interests, rights and privileges and debts, and the undertaking of the Firm to the LLP.
A firm can only convert to an LLP if all the members of the proposed LLP will comprise all the partners of the firm and no-one else.
Application to Convert
An application to convert a Firm to an LLP must be made by a Corporate Service Provider using the application form 'LLP - Application for Conversion' (see below).
The application must be accompanied by a statement signed by all the partners of the firm confirming their consent to the conversion.
Once an application has been made the Registrar will publish the fact that an application has been made on this website for a period of 28 days.
At the expiration of the 28 day notice period, the Registrar will register the LLP and issue a certificate of incorporation.
Full details of the process and an application form can be downloaded below.