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Apply for LLP Registration Online at lowest fees in India by Legal Vidur. Easy Process and Documentation. Register for Limited Liability Partnership Now!
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What is LLP Registration?
Limited Liability Partnership (LLP) is a balanced structure, carrying benefits conventional partnership and still limiting personal liabilities of the partners. It is regulated as a contractual agreement between the partners under the Limited Liability Partnership Act, 2008. It has quickly become a popular choice for services and professional firms like Chartered Accountants, recruiting firms, consulting businesses, etc.
Package
Basic
- Registering a LLP with Ministry of Corporate affairs
- LLPIN
- PAN
- TAN
- MCA processing
- FILIP
- LLP agreement
- Form-3
- Allotment of 2 DPIN and GST registration
Smart
- Registering a LLP with Ministry of Corporate affairs
- LLPIN
- PAN
- TAN
- MCA processing
- FILIP
- LLP agreement
- Form-3
- Allotment of 2 DPIN and GST registration
- Income tax return filing
- Form 11 (Annual return of LLP)
- Form 8 (Statement of Accounts) and DIR-3 eKYC of Directors
Mega
- Registering a LLP with Ministry of Corporate affairs
- LLPIN
- PAN
- TAN
- MCA processing
- FILIP
- LLP agreement
- Form-3
- Allotment of 2 DPIN and GST registration
- Trademark application
- Income tax return filing
- Form 11 (Annual return of LLP)
- Form 8 (Statement of Accounts)
- 12 months filing of GST return and DIR-3 eKYC of Directors
BENEFITS
What are the advantages of registering a business as an LLP?
Limited Liability of Partners
Operational Flexibility
Separate Legal Existence
Lower Compliance Requirement
Documents Required
-
PAN Card
PAN Card of all partners
Foreign nationals may provide passport -
Photograph
Latest Passport size photograph of all partners -
NOC from owner
No Objection Certificate to be obtained from the owner of registered office
-
Partners Address Proof
Aadhar Card/ Voter ID/ Passport/ Driving License of all partners -
Business Address Proof
Latest Electricity Bill/ Telephone Bill of the registered office address -
Rent Agreement
Rent Agreement of the registered office should be provided, if any
Note: In case of NRI or Foreign National, documents of the partner must be notarized or apostilled
Comparison
Private Limited Company | One Person Company | Limited Liability Partnership | Partnership Firm | Proprietorship Firm | |
---|---|---|---|---|---|
Act | Companies Act, 2013 | Companies Act, 2013 | Limited Liability Partnership Act, 2008 | Indian Partnership Act, 1932 | No specified Act |
Registration Requirement | Mandatory | Mandatory | Mandatory | Optional | No |
Number of members | 2 – 200 | Only 1 | 2 – Unlimited | 2 – 50 | Only 1 |
Separate Legal Entity | Yes | Yes | Yes | No | No |
Liability Protection | Limited | Limited | Limited | Unlimited | Unlimited |
Statutory Audit | Mandatory | Mandatory | Dependent | Not mandatory | Not mandatory |
Ownership Transfer ability | Restricted | No | Yes | No | No |
Uninterrupted Existence | Yes | Yes | Yes | No | No |
Foreign Participation | Allowed | Not Allowed | Allowed | Not Allowed | Not Allowed |
Tax Rates | Moderate | Moderate | High | High | Low |
Statutory Compliance | High | Moderate | Moderate | Less | Less |
How we Work?
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STILL CONFUSED?
TAKE FREE ADVISOR CONSULTATION
Consider following factors before choosing the name for LLP:
For the purpose of reserving the name, applicant needs to make an application in the prescribed form, through his professional expert in this field i.e. a Company Secretary or a Chartered Accountant. In this application, applicant can submit maximum 6 names in order of preference. After due verification, the Registrar may approve any of the name applied by the applicant for the LLP Registration.
Once the name application is approved by the Registrar, the name of LLP will be reserved by the Ministry for a period of 90 days, during which the procedure for incorporation and legal india vidur shall be done, failing to which the name reserved for the applicant will be withdrawn and the applicant is required to make fresh Name Approval Application with payment of requisite fees to Government.
LIMITED LIABILITY PARTNERSHIP (LLP) HAS MANY ADVANTAGES LIKE:-
- It is more flexible to organize the internal structure of LLP. Comparatively, it is complex to organize the internal structure of a company.
- There is no maximum limit for the number of partners in LLP. In the private limited company, shareholders are limited to the extent of 200 shareholders.
- Raising and utilization of funds depends on the partners will. Funds can be bought and utilized only as per the norms listed under the Companies Act, 2013.
- Negligible charges in formation and compliances.
Frequently Asked Questions (FAQs)
The application of DIN allotment is made with incorporation application in FiLLiP subject to maximum 2 DIN.
(Note: LegalWiz.in shall only take the accountability of the Accounting Service provided by them but however shall help in appointment of Independent Auditor for your business.)