Limited Liability Protection

As the name suggests, a limited liability partnership (LLP) is a partnership where a few or all partners have limited liabilities. It’s the best alternative to enjoy elements of partnerships and corporations as it extends an amalgamation of both’s benefits. In an LLP, each partner is not responsible or liable for another partner's misconduct or negligence.

BENEFITS OF LLP REGISTRATION

Protection to Directors’ personal assets

Quite frequently startups require loans and incur a few debts. In the case of normal partnerships, the partners’ are liable and their personal savings and property are at risk if the business is not able to repay its loans. In an LLP, only investment to start a business is lost, personal assets of the partners are safe.

Better image and credibility in Market

Limited Liability Partnerships (LLP) are favored and highly recommended in the business structure across the globe. Corporate customers, vendors and government agencies prefer to deal with an LLP rather proprietorship or normal partnerships.

No Audit Requirement & Minimal Compliances

Easy to be managed, in addition, a statutory audit is not required for a Limited Liability Partnership. Ideal for small enterprises, LLP Tax Audit is also not required for LLPs when the capital is less than Rs. 25 lac and the turnover does not exceed Rs. 40 lac.

Continuity of Business

LLP continues to exist beyond the presence of its partners. It is not possible in the case of a traditional partnership firm.

Limited Liability Protection Form

Business Details
Proprietor Details
Pricing Cart
Total Price
5900
LLP
5000
GST @ 18%
900

MINIMUM REQUIREMENTS FOR LLP REGISTRATION

Minimum 2 Partners
DIN (Director Identification Number) For All The Designated Partners
If A Body Corporate Is A Partner, It Has To Nominate A Natural Person As Its Nominee
DSC (Digital Signature Certificate) For All The Designated Partners
No Concept Of Share Capital, Each Partner Contributes Towards Capital Of LLP
Address Proof For Office Of LLP

LIMITED LIABILITY PARTNERSHIP COST BREAKDOWN

Our pricing is 100% transparent
Company Name Search
Free
Consultancy on Registration and Name Availability
Free
2 DSC'S
2,000.00
Government Fees
1,750.00
PAN and TAN Fees
170.00
Professional Fees
3,332.00
Goods & Service Tax
747.00
Total Cost
7,999.00
* The above mentioned government fee has been calculated on minimum contribution of Rs. 100000
** Stamp duty for LLP agreement has to be borne by the applicant

What do you get

Everything you need to open a bank account and start your business
DSC

Digital signature for two directors to digitally sign documents

PAN Acknowledgment

PAN Acknowledgment can be used to apply for a PAN number

Incorporation Certificate

Certificate of incorporation bearing company's registration number and details

TAN Acknowledgment

TAN Acknowledgment can be used to apply for a TAN number

FAQs

Basic documents that are listed on the page are the only ones that you would require. Our expert team will be more than willing to help you with the same.

No, you do not require a commercial office space. You can show your own residential or rented home address as the registered office address. Once the registration is complete, your office address can be changed at any point in time. Once your company is ready to move on to a corporate address you can change your registered office address simply by informing the ROC office.

ROC is a government entity with whom companies get registered. Every state has one ROC office except Maharashtra and Tamil Nadu– there are two ROC offices in the respective states.
  • Maharashtra: Companies are registered with Mumbai and Pune ROCs.
  • Tamil Nadu– Companies are registered at Chennai and Coimbatore ROCs

No, we will provide you with a complete online walkthrough of incorporating an LLP’s process. All legal documentation and visits are further done by experts in our team effortlessly.

No, it is not an annual activity. Once an LLP is formed, it will be valid unless officially closed down by the owners. No additional renewal or fees are needed. However, every year LLPs have to file basic returns with the ROC office.

Director Identification Number (DIN) is a unique identification number needed by a person to become a Partner of an LLP. DIN is issued by the ROC office (Ministry of Corporate Affairs) and is similar to a PAN Card number. The Director Identification Number is required in documents while appointing a person as a Partner of an LLP.

An electronic signature is also termed a digital signature and is used for signing electronic forms, filed with ROC for the formation of LLP. Digital signatures cannot be used in physical documents.

LLP Agreements are by-laws or rules based on which critical matters like the main business of the LLP, amount of capital or meetings are decided. A standard legal document, An LLP Agreement is prepared by Company Secretaries at the time of registration of an LLP.

Yes indeed, the LLP office address can be changed after the incorporation.
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