Limited Liability Partnership Online Registration
Unleash the Potential of Your Business with a Limited Liability Partnership (LLP) An LLP offers the perfect blend of flexibility and protection for your growing enterprise. Enjoy the freedom of a partnership while limiting personal liability for business debts. This allows you to take calculated risks and focus on innovation. For established businesses, an LLP provides the operational ease of a partnership with the legal credibility of a separate entity, attracting new investors and facilitating expansion..
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Limited Liability Partnership Online Registration
Advantages of Limited Liability Partnership (LLP)
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In an LLP, your business operates as a separate legal entity, distinct from your personal finances. This shields shareholders' personal assets from business liabilities.
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LLPs offer a highly scalable and flexible management structure, granting each partner the autonomy to manage and make independent business decisions. There is no maximum limit on designated partners in an LLP.
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There is no fixed minimum capital contribution required to start an LLP, making it more accessible than incorporating a Private Limited Company.
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An LLP provides the advantages of both a company and a partnership, offering the flexibility of a partnership and the corporate structure of a company.
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LLPs also offer tax benefits and flexible tax reporting options, enhancing financial efficiency for businesses.
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LLPs operate under the mode of 'Perpetual Succession,' ensuring continuity even after the survival of partners.
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Transfer of ownership is simplified in an LLP by appointing the chosen member as a Designated Partner.
Documentation required for Limited Liability Partnership (LLP)
- Submission of any utility bill is mandatory.
- Provide a scanned copy of the rent agreement along with a no objection certificate from the landlord, if the property is rented.
- Partner's signature on documents is essential.
- Submit a voter ID card, passport, or driver's license.
- Both PAN Card and passport are required.
- Submit a mobile bill, telephone bill, latest bank statement, or electricity/gas bill.
- Include a passport-size photograph.
Service Includes
- DIN and DPIN for two partners/individuals
- Digital Signature for Two partners
- Name Search and Approval
- LLP Agreement
- ROC Fees and PAN card
Registration Process for a Limited Liability Partnership (LLP)
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STEP-1) Ensure Minimum Requirements:
Verify the company's minimum requirements, including the number of directors and share capital. Provide directors' basic details, such as Full Name, Email, and Phone number.
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STEP-2) Apply for DSC & DIN:
Initiate the application process for Digital Signature Certificates (DSC) and Director's Identification Numbers (DIN). We'll assist in registering these documents for you.
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STEP-3) Name Approval Application:
Submit the name approval application and ensure its verification. We'll collaborate with you to finalize this document and ensure successful registration.
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STEP-4) Submission of MOA & AOA:
Submit the Memorandum of Association (MOA) and Articles of Association (AOA). We'll work based on the documents you provide to complete this submission.
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STEP-5) Certificate of Incorporation:
After successfully registering all required documents and depositing the processing fee for Limited Liability Partnership Registration, the Registrar of Companies will issue your Certificate of Incorporation.
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STEP-6) CONGRATULATIONS!!
Your Limited Liability Partnership Registration is now complete! You can proceed to apply for PAN, TAN, and open a bank account in the name of your Limited Liability Partnership.
Frequently asked questions
What is a Limited Liability Partnership (LLP)?
Who should consider forming an LLP?
Do I need a lawyer to form an LLP?
What are the ongoing compliance requirements for an LLP?
How is an LLP different from a partnership?
How is an LLP different from a corporation?
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