Limited Liability Partnership (LLP) Registration
LLP Registration
Market Price : Rs. 12,000
Offer Price : Rs. 8,400
Discount : Rs. 3,600 (30%)
Contact Us Now !
Call now on 7303632352 , 7906637828 For Free Consultancy by the Our Expert,
Drop a Mail on corporateverdict@gmail.com For Resolving Your Query
What is a LLP ?
A Limited Liability Partnership (LLP) is a hybrid business entity that combines the features of both a partnership firm and a company. It is governed by the Limited Liability Partnership Act, 2008, and offers the benefits of limited liability to its partners while allowing them to manage the business directly.
Salient Features of a LLP
Separate Legal Entity: An LLP is a separate legal entity from its partners, meaning it can own property, sue, and be sued in its own name.
Limited Liability: The liability of the partners is limited to the extent of their contribution to the LLP. Personal assets of the partners are protected from the liabilities of the LLP.
Flexible Management: Partners can manage the LLP directly without the need for a board of directors. There is no requirement for mandatory board meetings or resolutions.
No Minimum Capital Requirement: There is no minimum capital requirement for forming an LLP. Partners can contribute any amount as agreed upon in the LLP agreement.
Number of Partners: An LLP must have at least two partners. There is no upper limit on the number of partners in an LLP.
Perpetual Succession: The LLP continues to exist regardless of changes in partnership. Death, insolvency, or retirement of partners does not affect the continuity of the LLP.
LLP Agreement: The LLP operates based on an agreement between the partners, which outlines the rights, duties, and obligations of the partners. This agreement is crucial for the internal governance of the LLP.
Taxation: LLPs are taxed as partnership firms in India. They enjoy pass-through taxation, meaning profits are taxed only in the hands of the partners, avoiding double taxation.
Advantages of LLP
Limited Liability: Partners' liability is limited to their contribution, protecting personal assets.
Separate Legal Entity: The LLP has a distinct legal identity, providing credibility and continuity.
Operational Flexibility: Flexibility in management and less compliance burden compared to a company.
No Minimum Capital Requirement: No mandatory minimum capital requirement for incorporation.
Tax Benefits: LLPs enjoy certain tax advantages and are not subject to dividend distribution tax.
Perpetual Succession: The LLP continues to exist even if there are changes in the partnership.
Procedure of Registration of LLP
Obtain Digital Signature Certificate (DSC): The proposed designated partners must obtain DSCs.
Obtain Director Identification Number (DIN)/Designated Partner Identification Number (DPIN): Apply for DIN/DPIN for the proposed designated partners.
Name Approval: Submit an application for name approval through the Ministry of Corporate Affairs (MCA) portal.
Prepare Incorporation Documents: Draft the LLP Agreement, which details the rights and duties of the partners.
File Incorporation Form: Submit Form FiLLiP (Form for incorporation of LLP) along with the required documents to the Registrar of Companies (ROC).
Certificate of Incorporation: Upon verification and approval, the ROC issues a Certificate of Incorporation.
File LLP Agreement: Submit the LLP Agreement within 30 days of incorporation using Form 3
Documents Required for Registration of LLP
Identity Proof of Designated Partners: PAN card, passport, driving license, or Aadhaar card.
Address Proof of Designated Partners: Bank statement, electricity bill, or telephone bill.
Proof of Registered Office Address: Utility bill, rent agreement, or property ownership document along with a No Objection Certificate (NOC) from the owner.
LLP Agreement: Details the rights and duties of the partners and the manner in which the business will be conducted.
Subscriber's Sheet: Includes details of the partners and their contribution to the LLP.
Consent to Act as Designated Partner: Consent letters from all designated partners.
Professional Certification: Certification by a Chartered Accountant, Company Secretary, or Cost Accountant.
Corporate Verdict: Your Partner in LLP Registration
Corporate Verdict is a team of experienced professionals dedicated to assisting entrepreneurs in establishing LLP effectively and affordably. We understand the complexities of the registration process and ensure a seamless experience for our clients. Our services include:
Expert Consultation: Providing detailed guidance on the feasibility and benefits of forming an LLP.
Documentation Assistance: Assisting in the preparation and filing of necessary documents.
Compliance Support: Ensuring your LLP meets all regulatory requirements.
Affordable Services: Offering cost-effective solutions without compromising on quality.
By choosing Corporate Verdict, you can rest assured that your LLP registration will be handled efficiently, allowing you to focus on growing your business.
For more information or to start the registration process, visit our website or contact our team today!
Have any Questions?
If you have any questions about the LLP Registration, feel free to contact us.