Limited liability partnership is combination of partnership and private limited company, LLP don't have hard compliance like company but most important feature of separate legal entity is a part of LLP.
From ₹ 7999 /- all inclusive fees
EMI: ₹715 for 12 months*
Limited Liability Partnership (LLP) is quite a popular legal structure for businesses. The main advantage of having LLP over General Partnership Firm is it limits the liabilities of its partners to their contributions to the business and also offers each partner protection from the negligence, misdeeds or incompetence of the other partners. The LLP is also easy and cheaper to incorporate than a private limited company, requires less compliance and can be a smart choice from a tax perspective.
In LLP, all the partners have limited liability, so in case of any dispute or discrepancy, only amount invested in the business will be lost and all personal property would be safe.
If LLP has a turnover of greater than Rs.40 lakh or capital contribution of over Rs.25 lakh than only LLP requires audited annual returns to be filed.
Since, Dividend Distribution Tax and tax surcharge don❜t apply on LLP, this results in Tax Advantage. However income tax rate is same as normal partnership firm.
LLP means separate entity from its partners, LLP create with the process of law and end with the process of law.
In India people use to take serious if you are doing business with the name of LLP, the simple reason behind this is the Indian government take close check of every LLP.
Individual PAN card of all Partners are required for registration. In LLP separate PAN card will applied after LLP registration.
For LLP registration we need Adhaar card of proposed partners.
One documents from the option is required (Voter ID/ Driving licence/ Passport)
One document from the option is required (Bank statement/ updated bank passbook/ Utility bill )
Any utility bill like electricity bill or water tax bill is required, in case property is rented in than rent agreement with owner is required.
LLP registration which include 2 DSC and DIN, Upto 1 Lakh capital, One name approval form, all government fees and stamp duty, along with PAN application after incorporation
LLP registration which include 2 DSC and DIN, Upto 1 Lakh capital, One name approval form, all government fees and stamp duty, along with PAN application after incorporation and GST registration
LLP registration which include 2 DSC and DIN, Upto 1 Lakh capital, One name approval form, all government fees and stamp duty, along with PAN application after incorporation, GST registration and Trademark Application
Ovakil helps you for registering LLP, it usually take 15-20 days for all process
Any Doubts? Get a Callback from Ovakil Legal Panel.
We will provide LLP incorporation certificate after all process, this certificate is important for every LLP and required as a proof of LLP registration
Every partner needs digital signature and director identification number (DIN) for LLP registration, we will provide all DSC and DIN
Permanent account number (PAN) and Tax allocation number (TAN) will be provide by us in this registration.
LLP deed is important for every LLP, we will prepared after understanding your business needs.