Limited Liability Partnership
Register your Limited Liability Partnership @ Rs.4000 (Professional Fee)
- Free Consultation
- Name Search
- Name Approval Application
- DSC of 2 Designated Partners
- DPIN of 2 Designate Partners
- Drafting of Partnership Deed
- Certificate of Incorporation
- Time: 4-6 working days
- 100% Online Process
CONTACT US
Limited Liability Partnership
A limited liability partnership is a separate legal entity from its partners .It can enter into a contract and acquire property in its name.
Limited Liability Partnership Act, 2008 specifically governs limited liability partnerships in India, the provision of the Indian Partnership Act, 1932 are not applicable to LLPs. They only apply to traditional partnership firms.
LLPs must have a minimum of two partners at all times. Also, the maximum number of partners is unlimited, while it is restricted to 50 for regular partnership firms. If at any time, the number of partners in an LLP becomes less than two, and the sole partner carries on business for more than six months under such circumstances, his liability towards the firm’s business will become unlimited.
ADVANTAGES
Easy Formation
Forming an LLP is an easy process. It is not complicated and time consuming .
Lesser Taxes
Limited liability partnership is exempted from various taxes such as dividend distribution tax and minimum alternative tax.
Transferability of Ownership
It is easy to join as a partner and to leave the firm or to easily transfer the ownership. There is no restriction upon joining and leaving the LLP.
Management
All the decisions and various management activities are seen and done by the directors of the company. Shareholders receive very less power as compared to the board of directors.
PROCEDURE
STEP 1
Receive and review documents from client
STEP 2
Name selection and name reservation for Proposed LLP
STEP 3
Apply for digital signature
STEP 4
Drafting of Partnership Deed and filing of E-Form FiLLip along with the required documents with the MCA for approval.
REQUIREMENTS
Identity Proof of All the Partners
Adhaar Card and
PAN Card
Address Proof of All the Partners
Bank Statement
Mobile Bill
Electricity Bill
Registered Office Proof
Any Utility Bill(Electricity Bill/Bank Statement)
Partnership Deed
Each partners should sign and approve the Partnership Deed
PRICE
STANDARD
Rs.5000
LLP Registration + PAN Registration
(Excluding Govt. Fees and GST)
₹5,000.00Add to cart
PREMIUM
Rs.7000
LLP Registration + PAN Registration + GST Registration
(Excluding of Govt. Fees and GST)
₹7,000.00Add to cart
FAQs
1. Can an existing partnership firm be converted to LLP?
Yes, an existing partnership firm can be converted into LLP by complying with the Provisions of clause 58 and Schedule II of the LLP Act. Form 17 needs to be filed along with Form 2 for such conversion and incorporation of LLP.
2. Whether name of LLP can end with words like ‘Limited’ or ‘Pvt. Limited’?
No, name of the LLP shall end with either ‘Limited Liability Partnership’ or ‘LLP’. Word ‘limited’ shall be allowed in name only within ‘Limited Liability Partnership’.
3. What are the documents required to be filed by a LLP annually?
LLP is required to file LLP Form 8 (Statement of Account & Solvency) and LLP Form 11 (Annual Return) annually. The ‘Annual Return’ is required to be filed within 60 days of close of the financial year and ‘Statement of Accounts & Solvency’ shall be filed within 30 days from the end of six months of the financial year to which it relates. Every LLP has to maintain uniform financial year ending on 31st March of a year.
4. Who can become a partner in LLP?
Any individual or body corporate may be a partner in an LLP. However, an individual shall not be capable of becoming a partner of an LLP, if—
(a) he has been found to be of unsound mind by a Court of competent jurisdiction and the finding is in force;
(b) he is an undischarged insolvent; or
(c) he has applied to be adjudicated as an insolvent and his application is pending.
5. What is the minimum number of partners required to start LLP?
A minimum two partners are required to start an LLP.
6. Whether a foreign LLP can establish a place of business in India?
Foreign LLP can establish a place of business in India by filing Form 27 giving the particulars of incorporation of foreign LLP, details of DPs/ partners of that foreign LLP and details of atleast two authorised representatives for complying with regulation of LLP act.
