Limited Liability Partnership

ALL INCLUSIVE FEE RS. 7799 ONLY

Package Inclusion :

Search of Trademark & Name Availability
Two  DSC & DIN 
Name Reservation
LLP Agreement preparation
MCA Govt. Fees
Stamp Fees ( Capital Contribution Rs. 100,000)
Limited Liability Partnership Identification Number (LLPIN) 
LLP  Pan & Tan
Note: GST will be extra on professional fees.

Limited Liability Partnership

With the emanation of Limited Liability Partnership Act 2008, it has been realized that LLP elicit the more transcended version of the partnership firm since it has allowed them to reach the organized corporate structure becoming a company. Due to having these attributes it is also considered a hybrid form of a company as it yields both the features of a Partnership firm along with ascribes of a company.  Minimum two Partners will be required to register LLP. With the emanation of LLP, the liabilities of partners have made limited that used to be unlimited in the case of a Partnership Firm. LLP is most suitable for the small business owners and Professionals like CA, CS CWA etc. on the contrary, it is not suitable for them who want to have venture funding in business. From the point of view of the credibility, LLP shall have prevalence over Partnership firm or Proprietorship business. Moreover, Annual maintenance of LLP firm is also much cheaper than a Private Limited or Public Limited Company.

LIMITED LIABILITY

Liability of Partners of the Limited Liability firm (LLP) is limited upto their Contribution in the firm on proportionate basis, they shall not be liable for any further debt of the company beyond such debt.

ORGANIZED STRUCTURE

LLP, being having the ascribes of both the Partnership Act and the Companies act, shall be treated as part of the Organized Structure, helping the registered person in raising the goodwill easily to reach the eyes of the investors.

CONTINUITY OF EXISTENCE

Its Existence will be uninterrupted, as the Death or departure of any Partner of the Company shall hardly affect the existence of the company since LLP, being a company has Separate Legal Entity. A Company will be continuing notwithstanding any change has been made in Partnership.

MINIMAL REGULATORY COMPLIANCE

LLP, being having no need of Audit by CA for having the turnover less than 40 lakh and Capital contribution i.e. less than 25 lakh, seems the most attractive for the early stage startups for doing small business

TAX ADVANTAGE

LLP is exempted from the purview of paying Corporate Dividend Distribution Tax for the partners for making their profit out of the business profit which, on the contrary, is not exempted in the case of any other kind of company.

Digital Signature Certificate (DSC)

To file the Incorporation, ROC compliance forms, and Tax returns, digital signature is the primitive thing that all proposed directors/promoters of the LLP Company must have for the purpose of signing the documents digitally instead of doing physical signature to register a company.

Director Identification Number (DIN)

The DIN is required to be obtained for each director/promoter by attesting it from any of the professional prescribed for to do so immediately following to get the DSC in incorporating a LLP. The approval of which shall be confirmed on the mail of the concerned party which takes probably one working day to get approved.

Name approval

The next step is to proceed for to file a Name Approval application to ROC after completing a Trademark search, satiating ourselves that the name of the company is not making any infringement of Trademark Act. Generally, it takes 2 to 3 working days to get the approval from the Registrar of Companies for the registration of a LLP.

Incorporation form

After getting the Name approval from the Registrar of Companies, final incorporation form along with all underlying and supporting documents viz. document of partners; (PAN, Address proof, Residence Proof, Photograph, Passport) and documents of LLP; (Registered Office Proof, DSC) are required to be filled under the supervision of any of the professional prescribed for to the same authority that may take 15 to 20 days approximately for such submission. And afterwards LLP Agreement that shall be printed on stamp paper has to be filed within 30 days in Form 3 to ROC. In regard of the same the LLPN number shall be allotted by the ROC.

PAN, TAN of LLP

Afterwards The PAN & TAN application is filed with the Income Tax Department & Acknowledgement has been shared with a client.

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