Limited Liability Partnership Registration !!!

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To Incorporate Limited Liability Partnership

Key Features & Benefits


Myths About LLP-Registration


LLP Has Higher Tax Liability Than Partnership

LLP is a corporate structure. So, many assume that the tax liability is much higher compared to the general partnership. This becomes a common reason for registering the Partnership and not LLP. As per the Act, LLP is just another Partnership firm for tax authorities, whether it is the tax on the firm’s income or partners’ the provisions are the same for both structures.

There Is No Compliance For LLP

This is completely untrue, there is less compliances as compare to any other entity. It is a corporate structure formed under the LLP Act, 2008. LLP must file annual returns, even if it has no transaction during the year. Also, Income Tax Return filing is a must for an LLP.

Profit Sharing And The Capital Ratio Is The Same

Generally, while execution of LLP Agreement, partners understand that the profit sharing ratio and capital contribution ratio must be same. The fact is that the partners are free to decide both.

There Is No Distinction Between Partners

If you have carefully understood what an LLP is, you will find two types of partners – Partner and Designated Partner. This distinction is not provided in Partnership but in LLP. As LLP is a separate legal identity, it needs to assign the responsibilities and obligations on a specific person.

LLP Registration Is An Expensive Affair

If you believe that LLP is costly to set up as compared to a general partnership, it is not true. The registration cost heavily depends on the professional’s services and changes because the Government fee is fairly constant. While it is up to you to choose a professional, we are taking into consideration the Government fee for registration.

All The Data Is Accessible To The Public

This confusion is created as that is the case in a Company. However, in LLP the data of partners is reserved. Where name, DIN and other details of Designated Partners are available on the MCA portal, it is reserved for general partners. Further, the LLP agreement is also a private document.

Process of LLP-Registration


Before initiating the process of registration, you must apply for the digital signature of the DESIGNATED Partners of the proposed LLP. This is because all the documents for LLP are filed online and are required to be digitally signed. Also partners DSC and DIN are not required.
LLP-RUN (Limited Liability Partnership-Reserve Unique Name) is filed for the reservation of name of proposed LLP which shall be processed by the Central Registration Centre under Non-STP.
The form used for incorporation is Fillip (Form for incorporation of Limited Liability Partnership) which shall be filed with the Registrar who has a jurisdiction over the state in which the registered office of the LLP is situated. After that certificate of incorporation of llp will b generated.
LLP Agreement governs the mutual rights and duties amongst the partners and also between the LLP and its partners. LLP agreement must be filed in form 3 online on MCA Portal.Form 3 for LLP agreement has to be filed within 30 days of the date of incorporation. The LLP Agreement has to be printed on Stamp Paper. The value of Stamp Paper is different for every state.
The application for allocation of PAN shall be made to the Income Tax department as the department identifies the LLP different from its Partners.
The current account in the name of the LLP Firm shall be opened in order to regulate the transaction of the Firm.

Documents Required for LLP-Registration


What Are The Required Document to Start The Process ?

PAN Card of all Partners (self attested), Passport Size Photograph of all Partners, Email ID and Contact no. of all Partners

ID and Address Proof of all Partners (Adhar Card/ Voter ID/ DL / Passport etc.) (self attested), Passport and VISA (in case of Foreign Nationals / NRI's)

Address Proof of Registered office - Any Utilituy Bill i.e.Electricity Bill / Property Tax Bill / Telephone Bill etc.and Rent Agreement with NOC in case of Rented Premises.

Digital Signature Certificate (if already having DSC), LLP agreement with stamp duty duly signed by all partners ( Aggreement will be prepared by us)

process limited liability partnership llp registration fees & procedure in India

Prepare Document For Signing.

After receiving your document & payment, we prepare all nessessary documents for your firm registration in 2 working days and sent you for signing.

Sign The Documents.

Whenever you get the document coordinate with our representative on +91-9999510982 , fill the remaining information and sign the documents.

Courier Back The Signed Document.

Send back the signed documents by mail on shraddha@neusourcestartup.com and by Courier at “NeuSource Startup Minds India Limited, B-11, Shankar Garden, Vikaspuri, New Delhi-110018 or Alternatively you may call on +91-9999655080 for document collection if you reside in Delhi/NCR

SUBMIT DOCUMENT HERE




LLP Registration Packages


LITE

 Rs. 8,999/-

(EMI 804.51 For 12 Months)

all inclusive fees

  • LLP Registration
  • Logo Designing
  • GST Registration
  • Bank Opening Kit
  • Delivered in 15 Days

BASIC

Rs. 19,999/-

(EMI 1786.31 For 12 Months)

all inclusive fees

  • LITE +
  • Trademark Filing
  • ISO Certification
  • MSME Registration
  • Delivered in 25 Days

STANDARD

Rs. 49,999/-

(EMI 4466.41 For 12 Months)

all inclusive fees

  • BASIC +
  • Startup Registration
  • GST / ITR / ROC Compliances
  • Free Services of Rs.47,888
  • Delivered Before Due Date

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Online LLP registration process

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