Limited Liability Partnership Registration in India
Fastest LLP Registration in India. LLP is one of the most easiest form of business to register & manage. LLP is highly recommended and ideal for small businesses.BIZINDIGO offers hassle-free online process for Limited Liability Partnership Registration. Easily register your LLP through BIZINDIGO.
Register Your LLP Online at Rs. 7999/- Inclusive of all taxes and govt. fees
What is LLP ?
Meaning of Limited Liability Partnership
LLP is different from the limited partnership. It operates like a limited partnership, but in an LLP each member is protected from personal liability, except to the extent of their capital contribution in the LLP. Thus, LLP is a legal entity separate from that of its partners.
LLP is a Body Corporate formed and registered under the Limited Liability Partnership Act, 2008
LLP is a legal entity separate from that of its partners.
Advantages of LLP
Benefits of Registering a LLP in India
Separate Legal Entity
Like a company, LLP also has a separate legal entity. So the LLP and partners in LLP are distinct from each other. This is like a company where members are different from the company.
No Minimum Capital requirement
As against a private limited company there is no minimum capital requirement in LLP. LLP can be formed with least capital contribution.
Dividend Distribution Tax (DDT) Not Applicable
As against the company, LLP is exempt from Dividend Distribution Tax (DDT). Company has to pay DDT on dividend [email protected] 15% plus surcharge and cess.
Minimum number of members
To start a LLP (Limited liability partnership) at least two members are required initially. However, there is no limit on the maximum number of partners.
No requirement of Compulsory Audit
All the companies (private or public) irrespective of their share capital, are required to get their accounts audited. But in case of LLP, there is no such mandatory requirement. A LLP is required to get the audit done only if, the capital contributions of the LLP exceeds Rs. 25 lakhs, or annual turnover of the LLP exceeds Rs. 40 lakhs (as the case may be).
FAQ - ON LLP REGISTRATION / LLP AGREEMENT
1. How long does it take to register a LLP?
Normally it takes 8-15 Days in registration of a LLP, however it is a legal process and committing a fixed time line is not practical, Startups are advised to plan in advance before the launch date of their startup.
2. Can we register our LLP at our Home Address?
Yes, you can register your LLP at your residential address.
3. I am residing at a place where you don’t have an office, what to do?
LLP Registration process is online. In case we don’t have a physical office in your city, you can email / upload (scan copy) us the required documents or send us through courier.
4. Can an LLP converted into Private Limited Company or a Public Limited Company?
No, right now act does not permit this conversion. An LLP can't be converted into Private or Public limited but a Private or Public Limited Company can be converted into LLP.
5. Can an NRI / Foreign National be a Partner in an LLP?
Yes, an NRI or Foreign National can be a Partner after obtaining a DPIN. But at least, one of the partners in the LLP must be a Resident India.
6. Can a salaried person become Partner of LLP?
Yes, there is no legal hurdle, however employment agreement may have some restriction, you are advised to refer to the same or speak to us for more clarity.
Documents Required for LLP Registration
Below are the ist of documents required for Registration of LLP
Documents to be submitted by Partners
- PAN Card (Scanned copy)
- Address Proof: Voter's ID/Passport/Driver's License (Scanned copy)
- Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
- Scanned passport-sized photograph
- Specimen signature (blank document with signature [partners only])
Documents required for Registered Office Address
Latest Utility Bill - Electricity Bill or Gas Bill OR
Notarized Rental Agreement in English (Scanned copy) OR
Sale Deed/Property Deed in English (in case of owned property)
NOC from property owner (format will be provided by us)
Note: Your registered office need not be a commercial space; it can be your residence, too.
Advantages for Choosing us for LLP Registration in India