LLP Registration

LLP Registration

For As Low As Rs. 9999 6599

Tax Filings

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Limited Liability Partnership(LLP)

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 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.

Legalstartup is the fastest growing company registration services in India,providing the Pvt.Ltd ,LLP,Public Ltd company,one person company registration. Our company provided greater capital contribution,stability and liability.

FEATURES OF LLP

There are many features of LLP. An LLP is a body corporate with separate legal entity from its partners which means it can sue or be sued in its own name. An LLP will be governed by LLP agreement so partner’s duties will be decided under Partnership Agreement and mutual rights also governed by the LLP. An LLP cannot be started with sole owner, every LLP should have at least two partners in it. It is also liable to the extent of its assets which means partner’s liability will be limited and a partner will liable extent of agreed contribution in the agreement and a partner is not liable for other partner’s negligence. As per the rules and regulation of MCA only designated partner are responsible for compliance. If you are running a company and want to convert into an LLP then you can do this. So as you can see that LLP has many features and you can finding up an LLP whenever you want or in its time.

GST Registration Online Process

Documents Required For GST Registration

ADVANTAGES OF LLP REGISTRATION

  • LLPs are treated as separate legal entities so the partners and LLP are distinct from each other in the eyes of the law.
  • There is no requirement of minimum capital to start a limited liability partnership.
  • Only two members are required to form Limited Liability Company while there is no limit on maximum number of partners in LLP.
  • Auditing of LLP in India is required only if contribution exceeds 25 lakhs or annual turnover exceeds 40 lakhs.
  • It is easier and flexible to manage organisational structure of LLP as compared to other company structures.
  • Dividend distribution tax and Minimum alternative tax is not applicable on LLPs and thus it is an added advantage.
  • an llp in India can own a property as it has separate legal recognition in the eyes of law.

DISADVANTAGES OF LLP REGISTRATION

  • LLPs are treated as separate legal entities so the partners and LLP are distinct from each other in the eyes of the law.
  • LLPs are not looked as an investment opportunity by angel investors.
  • Trust of people is more on companies and partnerships as compared to LLPs.
  • LLP in India was introduced in 2009 thus they have less recognition.

FAQ

LLP is a Limited Liability Partnership which has features of both, a partnership and a corporation and partners have limited liabilities and are governed by Limited Liability Partnership Act 2008.

Minimum two people are required to form LLP and there is no limit on maximum number of partners.

Yes. There are some tax benefits for LLP like Dividend distribution tax and Minimum alternative tax.

Yes. An LLP can be registered at your home address..

LLP Annual filing includes following components: Annual Return Statement of the Accounts or you can say Financial Statements of the LLP Income Tax Returns Filings.

You can get LLP agreement format here.

No. This process is completely online and physical presence is not needed.

Partners are decided during incorporation of the company and later can increase in number after fulfilling specific conditions to become a partner.

LLP registration fees depend upon a lot of factors and varies from case to case.LegalDocs provides the lowest rates in the market for LLP company registration.

A legal proof of LLP is certificate of incorporation as well as LLP agreement 

Yes, DSC of an authorized director is required while incorporating an LLP. 

No, You don’t need to be physically present for the process, E-StartupIndia is an online catering platform all you need is internet connection  in your phone/computer and the required documents with you and we can get the job done no matters even if you are present at remotest location of the India

You can start a Limited Liability Partnership with any amount of capital. There is no requirement to show proof of capital invested during the incorporation process. Partner’s contribution may consist of both tangible and/or intangible property and any other benefit to the LLP.

The stamp duty depends upon the state in which you are executing the agreement. Like in Rajasthan it is 500

Not required, you can use your residential address as Registered office purpose for the same.

LLP will be treated as Partnership firm for the purpose of tax and therefore will be taxed on the line of partnership firm. The effective tax rate is 30.90% on Profit. There will be no surcharge applicable on LLP.

Yes you can include your any family member in your LLP as a Partner.

if your expected turnover cross 20 lakh rupees in a year then Yes its required but suggest you always go with the GST Registration after the incorporation of LLP. It’s helpful to claim the input tax credit.

Yes Startup India Govt Definition clearly mentioned about the LLP Registration legal entity so you are eligible for the same.

Yes, you can run multiple business under one LLP Name, there is no issue in that.

LLP Secures only the company name like XYZ Technologies LLP but its not secure your Brand or Logo. so if you want to launch any brand under your LLP name then you can go with the Trademark Registration for the same.

Simply your age is minimum 18 year with the valid documents like pan card etc.

There is no validity for LLP Registration Certificate. its for the lifetime.

Yes if there is no particular terms & condition in your JOB Agreement.

Conversion from LLP to another entity is not practical or possible till the date. 

Basic

We are just getting started

RS.6599

LLP Registration

Two DIN & DSC 2. one name approval , LLP certificate

All Government fee

 
 
Medium

The most popular plan

RS. 7999

LLP Registration

Two DIN & DSC 2. one name approval , LLP certificate

All Government fee

Current Account

GST Registration

Advanced

Experience the best accounting service

RS. 12999

LLP Registration

1. Two DIN & DSC 2. one name approval , LLP certificate

All Government fee

Current Account, MSME

Trademark Registration

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