LIMITED LIABLITY PARTNERSHIP

Suitable Business Structure for Small Scale Business Persons
Containing Hybrid Feature of Pvt. Ltd and Partnership Firm at Lower Cost

Obtain Limited Liability Partnership Registration with us @ lowest fees assured and in the
least possible time.
Price start @ 4,999/- (Inlcuding Govt fee)

  • DSC and DPIN
  • Name reservation for LLP
  • PAN & TAN
  • LLP registration agreement
  • LLP registration certificate
  • All services related to LLP registration
  • Legal advisory and legal documentation and legal formats as required

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    BENEFITS OF LLP REGISTRATION IN INDIA

    LLP Registration - Benefits- StartMyBusiness

    MINIMUM REQUIREMENTS FOR LLP REGISTRATION

    LLP Registration - Minimum Requirement - StartMyBusiness

    Documents REQUIRED

    The following listed documents are required from the Partners of the concerned LLP

    PAN Card, Aadhar Card, Voter ID, Driving License of the Partners

    Address Proof of the partners

    INVOICE

    Residence Proof of Partners

    Photograph

    Passport (if in case any of the partner is a Foreign National or an NRI)

    The following listed documents are required regarding the concerned Limited Liability Partnership

    Address Proof of the Registered Office

    Digital Signature Certificate

    INVOICE

    No-Objection from the Landlord whose place has been used as the Registered Office

    Utility Bill in the form of electricity bill, water tax receipt (not older than two months)

    Difference between LLP and Pvt

    No. Basis Of Difference Private Limited Company Limited Liability Partnership
    1.
    Meaning
    Private Limited Company is separate legal entities following the usual series, with a benefit of limited liability for its shareholders.
    In register an LLP its described a partnership is where all partners have limited liabilities including every partner is not liable for another partner’s mischief.
    2.
    Requirements for compliance
    Annual return filing borad meetings and general meetings. They are atleast 4 meetings in a year.
    Much easier Annual return filing and Statement of Account & Solvency only.
    3.
    Audit
    All Companies are expected to get their accounts audited yearly.
    Accounts audited only if their yearly turnover exceeds Rs. 40 Lakhs or contribution amount exceeds Rs. 25 Lakhs..
    4.
    Taxation
    The PVT company is liable to pay income tax based on their turnover id up to Rs.250 crore is 25% and more than Rs. 250 crore 30 % is paid.
    LLP is responsible to pay income tax at 30%.
    5.
    Winding Up Companies
    Winding up of a company is administered by Insolvency and Bankruptcy Code and it is a very long process as compared to LLP.
    For the binding up of LLP online, the procedure is less complicated. Just declare it defunct and wrap up the mutual decision of all.

    COMPARISON

    Private Limited Company One Person Company Limited Liability Partnership partnership Firm Proprietorship Firm
    Act
    Companies Act, 2013
    Companies Act, 2013
    Limited Liability Partnership Act, 2008
    Indian Partnership Act, 1932
    No specified Act
    Registration Requirement
    Mandatory
    Mandatory
    Mandatory
    Optional
    No
    Number of members
    2 – 200
    Only 1
    2 – Unlimited
    2 – 50
    Only 1
    Number of Director/Partner
    2 – 15
    Only 1
    2 – Unlimited
    2 – Unlimited
    Only 1
    Separate Legal Entity
    Yes
    Yes
    Yes
    No
    No
    Liability Protection
    Limited
    Limited
    Limited
    Unlimited
    Unlimited
    Statutory Audit
    Mandatory
    Mandatory
    Dependent
    Not Mandatory
    Not Mandatory
    Ownership Transfer ability
    Restricted
    No
    Yes
    No
    No
    Uninterrupted Existence
    Yes
    Yes
    Yes
    No
    No
    Foreign Participation
    Allowed
    Not Allowed
    Allowed
    Not Alowed
    Not Allowed
    Tax Rates
    Moderate
    Moderate
    High
    High
    Low
    Statutory Compliance
    High
    Moderate
    Moderate
    Less
    Less

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      Frequently Asked Questions

      The LLP stands for Limited Liability Partnership it is a better version of a general partnership firm. It is governed by limited liability partnership act 2008

      LLP has all features of partnership firm with an additional benefit of limited liability of partners and it also immunes the business name from being copied by others

      Minimum 2 Partners are required to start an LLP. There is no limit on the maximum number of partners in an LLP.

      Unlike a private ltd company no minimum capital required to start an LLP.

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

      LLP agreement is similar to a partnership deed where all the rights, liabilities and share of profit and loss are mentioned/drafted 

      ASSURED CUSTOMER SATISFACTION

      CLIENT DATA CONFIDENTIALITY

      NO HIDDEN FEE

      SECURE ONLINE PAYMENT