LLP Company
1. What is a Limited Liability Partnership (LLP)?
An LLP is a corporate business structure that integrates the flexibility of a partnership with the benefits of limited liability. It is governed by the Limited Liability Partnership Act, 2008.
2. Key Features of an LLP:
- Limited Liability: Partners are not personally liable for business debts beyond their investment.
- Separate Legal Entity: LLP is distinct from its partners.
- Perpetual Succession: LLP continues to exist regardless of partner changes.
- Flexibility: Minimal compliance compared to companies.
3. Services Offered:
- Assistance in obtaining Digital Signature Certificates (DSC) and Designated Partner Identification Numbers (DPIN).
- Name approval for the LLP.
- Drafting and filing of LLP Agreement.
- Filing of incorporation documents with the Registrar of LLP.
- Assistance with PAN, TAN, and GST registration if required.
- Guidance on annual compliance filings.
4. Benefits of an LLP in India:
- Low setup and compliance costs compared to private limited companies.
- Limited liability protection for partners.
- Suitable for professional services firms and small businesses.
- No limit on the number of partners.
5. Documents Required for LLP Registration:
- PAN cards of all partners.
- Proof of identity (Aadhar, passport, voter ID, etc.) of partners.
- Address proof (bank statement, utility bill, etc.) of partners.
- Address proof of the registered office (rent agreement, electricity bill, etc.).
- Passport-sized photographs of partners.
6. Process to Register an LLP in India:
- Obtain DSC and DPIN for designated partners.
- Reserve the LLP name through the RUN-LLP form.
- Draft and file incorporation documents with the Registrar of LLP.
- Receive the Certificate of Incorporation.
- Execute and file the LLP Agreement within 30 days of incorporation.
7. Post-Incorporation Compliance:
- File Annual Returns (Form 11).
- Maintain proper books of accounts.
- File Statement of Accounts and Solvency (Form 8).
- Adhere to income tax and GST compliance if applicable.
Why Choose Us?
With our expert team, you can experience a hassle-free LLP registration process and gain valuable guidance on compliance and operational efficiency to achieve your business goals.