Limited Liability Partnership (LLP)

Limited Liability Partnership

Rs. 7999. All Inclusive (may vary from city to city)

A minimum of two partners can incorporate an LLP. There is no maximum limit for the partners. Foreigner can become a partner in LLP Provided minimum one partner is required to be an Indian citizen and resident in a previous calendar year. For LLP, no minimum capital is required to invest. LLP can be started with a share capital as low as you wish.

Our Package Includes

DIN for 2 Partners (separate if more than two), DSC for 2 Partners (separate if more than two), Name Search & Approval, LLP Agreement, ROC Fees Payments, Company Pan Card, GST Registration

Get in touch with us

Why Public Limited Company ?

Limited Liability Protection to Partners personal assets

Startups need to borrow money and take things on credit. In normal Partnerships, Partners personal savings and property would be at risk incase business is not able to repay its loans. In an LLP in case of loss, only investment to start a business is lost, personal assets of the Partners remain safe.

Better image and credibility in Market

Limited Liability Partnership (LLP) is a popular and well known business structure in the world. Corporate Customers, Vendors and Govt. Agencies prefer to deal with LLP because of more reliability and trust on the business structure.

No Audit Requirement & Minimal Compliances

LLP is easy to manage and statutory audit is also not required for Limited Liability Partnership. LLP is most ideal for small enterprises to initiate business. Tax Audit is also not required for LLPs with capital less than Rs. 25 lac and turnover not exceeding Rs. 40 lac.

Continuity of Business

LLP continues to exist irrespective of the existence of its Partners. This is not possible in traditional partnership firms.

Minimum requirement for LLP Registration

1. Minimum 2 Shareholders
2. Minimum 2 Partners
3. Minimum Share Capital
4. DIN for all Partners
5. At least one Designated partner should be an Indian Resident

Documents Required For LLP Registration

1. Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)
2. Scanned copy of Voter’s ID/Passport/Driver’s License
3. Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
4. Scanned passport-sized photograph
5. Scanned copy of Notarized Rental Agreement in English

*Your registered office need not be a commercial space, it can be your residence, too

Compliances after incorporation of Limited Liability Pratnership

• Filing of financial statements
• Filing of LLP annual return
• Filing of income tax return

Registration Process

* subject to receipt of all documents/information and government approval

1 Working Day

DIGITAL SIGNATURE CERTIFICATE (DSC)

DSC is an electronic online signature issued by licensed certifying authorities. All the proposed designated partners of the LLP are required to obtain the digital signature (DSC) which is necessary for digitally signing the electronic incorporation documents.

1 Working Days

DIRECTOR IDENTIFICATION NUMBER (DIN)

DIN, i.e. directors PIN is a unique eight-digit identification number which is a mandatory requirement for existing as well as proposed designated partners of the LLP to maintain the partner's information in a database. MCA allots a DIN to every director of the company with a lifetime validity without which one cannot be a director.

Content Area

3-5 working days

NAME APPROVAL

After DSC and DIN, the next step is name approval. A few names of your choice and we will conduct a prior search for your name availability in order to avoid rejections. A list of minimum one or maximum six proposed names of the LLP in preferential order ware submitted to MCA for approval. Out of six names, a name is reserved by the MCA and the LLP is registered with the same name.

6-8 working days

INCORPORATION DOCUMENTS

After name approval, we draft the LLP agreement. We will submit the incorporation documents in the prescribed form along with the LLP agreement. Once all the documents are duly verified and approved by MCA, the certificate of incorporation generates. On obtaining the incorporation certificate, our representative will assist your company to apply for PAN and GST registration.