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LIMITED LIABILITY PARTNERSHIP

LLP REGISTRATION WITH IN 15 DAYS 

 

Fill Details & Get Quote in 1 Minute

WHY CHOOSE US

100 % PROVISIONAL TEAM

15 + YEARS EXPERIENCE

SAVE YOUR TIME & MONEY

MONEY BACK GUARANTEE

WHAT IS LIMITED LIABILITY PARTNERSHIP?

 

Limited Liability Partnership came into force in the year 2008. It is the form of business organization which provides the benefit of limited liability and allows its partners the flexibility of organizing their internal structure as a partnership based on mutually arrived agreement. Owing to flexibility in its structure and operation, the LLP would also be a suitable vehicle for small and medium enterprises. Compared to formation and running of a Company, the formation and running of the LLP is simpler. There is no specific provision for members meetings, resolutions, and annual meetings etc.  So, it is very important to know the advantages and disadvantages before starting any kind of entity and discuss your business plan with team of COMPLIANCESBIZ.

WHAT INCLUDE IN OUR LIMITED LIABILITY PARTNERSHIP REGISTRATION PACKAGE?

1 ) NAME SEARCH & ITS APPROVAL
2 ) DSC OF TWO DESIGNATED PARTNERS
3 ) DIN OF TWO DESIGNATED PARTNERS
4 ) INCORPORATION CERTIFICATE
5 ) ROC REGISTRATION FEES
6 ) NEW INCORPORATION KIT
7 ) LLP AGREEMENT
8 ) PAN & TAN OF COMPANY
9 ) BANK ACCOUNT OPENING SUPPORT

PROCEDURE FOR LIMITED LIABILITY PARTNERSHIP REGISTRATION

1

Biz Team will apply for your name through RUN

2

Once name is approved Biz Team will apply for DSC of Designated Partner

3

Biz Team will prepare documents and send them for signing

4

Biz Team will file your forms for Incorporation with CRC

5

Congratulation Get you LLP Incorporation Certificate/Kit

DOCUMENTS REQUIRED FOR LIMITED LIABILITY PARTNERSHIP REGISTRATION

PAN Card of Partners (Self attested) as Identity Proof
Proof of Address – Voter Identity Card/Passport/Driving License/Aadhar Card (Self attested)
Passport Size coloured Photograph of Partners
Registered Office Address Proof: -Utility bill i.e. Electricity Bill/Gas Bill/Telephone Bill/Mobile Bill not older than 60 days
Registered Office Address Proof:-If Rented property then Rent agreement is required & No Objection Certificate(format will be provided by our team)

ADVANTAGES OF LIMITED LIABILITY PARTNERSHIP

1) Limited Liability

The partners are liable to the extent of their contribution to the firm. In other words they are not liable to the outside creditors personally. In partnership the partners are personally liable. Due to these provisions any entrepreneurs hesitate to become partner in a partnership firm.

 

2) Simplicity  

Compared to formation and running of the Company, the formation and running of LLP is simple. There is no specific requirement regarding members meeting, resolutions, annual meetings etc.

 

3) Continuity of business

A LLP is a juristic person and its existence does not depend on the partners. The partners of a LLP may keep changing from time to time, but it will not affect the LLP continuity.

 

4) Exemption from Audit

LLP is exempted from the Audit of its accounts if its turnover does not exceed, in any financial year, Rs. 40 lakhs or its contribution does not exceed Rs. 25 Lakhs.

FREQUENTLY ASKED QUESTIONS

With COMPLIANCESBIZ you can register your LLP in maximum 10 days if all the documents are in order. 

It’s a unique Designated Partner Identification Number which is mandatory required to become designated partner in LLP.

Individual/Body corporate can become partner but only individual can become designated partner. HUF cannot be treated as body corporate, therefore, a HUF or its karta cannot become designated partner in LLP.

It’s a written agreement between the partners of the LLP or between the LLP and its partners which determines the mutual rights and duties in relation to that LLP. 

Yes, LLP is cheaper to incorporate, run and operate rather than private limited company as there is no requirement to conduct board meetings, annual general meetings, exemption from yearly audit and many more. 

No, there is no requirement for renewal of LLP registration yearly because once you will certificate of incorporation it will valid for lifetime.