Limited Liability Partnership
Limited Liability Partnership (LLP)
Limited Liability Partnership
As a name suggest, Limited Liability Partnership (LLP) is a legal form of business Company offering limited liability to its partners. It was introduced in INDIA by the Limited liability Partnership Act, 2008.
A Limited Liability Partnership (LLP) is a hybrid business entity of both a Corporation and a Sole Proprietorship. The biggest advantages of LLP is often more flexible than a corporation. LLP is better than Sol. Proprietorship and it is simplest business firms to doing business in India.
Inclusive In Our Service:-
- Two DIN
- Two DSC (Class-2)
- Name Search & Approval
- ROC Registration Fees
- PAN & TAN
- Drafting of LLP Agreement
- LLP Identification Number
- MSME Certificate (Optional)
Documents Required For Limited Liability Partnership (All Soft Copy):-
- One Passport size photograph of All Directors
- Self-Attested PAN card copy of All Directors
- Self- Attested Proof of Identity (Like-Voter ID, Passport, Driving License, Aadhar Card) of All Directors
- Business address proof (Any one of Electricity Bill, Telephone Bill, Property, Gas Bill, Tax Bill)
- If Rented Business (Rent Agreement Copy) or if own (sell deed)
- Company Name (1 to 6 Names)
- Company Service or object or product Name
Procedure for Incorporation of Limited Liability Partnership:-
After the payment received from you, we will do the following procedure:
- Apply for DSC (Digital Signature Certificate) All Directors. (1- Day)
- Apply for Director Identification Number (DIN) All Directors. (1- Day)
- Apply for the Company Name (1- Day)
- Document preparation by us for the Incorporation and send you for Sign. (1- Day)
- Received Document from you and Filing of e-forms with ROC (Registrar of Companies) and Payment of ROC Fees & Stamp Duty. (1- Day)
- Verification of documents / forms by ROC and Issue of Certificate of Incorporation by ROC (2- day)
- Sending you company Certificate Kit
Advantages of Limited Liability Partnership (LLP):-
- The owners of the LLP are protected from some or all liability for acts and debts of LLP.
- The biggest advantage of LLP is that there is no limit of partners/members that can be involved with the business. So, minimum members are allowed in LLC 2 to 200.
- The cost of registering LLP is low as compared to other types of business in India.
- In LLP, the Dividend Distribution Tax (DDT) is not payable.
- LLP is easy to startup; also it’s also an easier way to fetch up, as compared to other entity.
1. What is Limited Liability Partnership (LLP) ?
A Limited Liability Partnership (LLP) is a hybrid business entity of both a Corporation and a Sole Proprietorship.
2. What is the criteria to become a member in LLP ?
Any individual/entities can become the member in LLP, even foreigner/ NRI’s are also applicable to become members.
3. What is the minimum partners are required in Limited Liability Partnership ?
The minimum partners are required in LLP is 2 to 200.
4. Is Foreign investment permitted in LLP ?
YES, only after government approval in those sector where 100% FDI is permitted.
5. What is the minimum contribution regarding LLP ?
There is no minimum requirement but advisable to have some contribution toward capital.
6. What is the liability over partnership in LLP ?
Debts/share is limited over the LLP members.The personal assets of directors are safe if company goes bankrupts.
WHAT CAN WE DO FOR YOU?
We would be happy to discuss the project with you in person