LIMITED LIABILITY PARTNERSHIP
LLP is an alternative corporate business form which offers the benefits of limited liability to the partners at low compliance costs. LLPs are a flexible legal and tax entity that allows partners to benefit from economies of scale by working together while also reducing their liability for the actions of other partners. Benefit of LLPs is that it has pass-through tax such that it avoids double taxation. LLP partners will only pay their own personal income taxes, while the LLP will not be taxed as a business entity.
Execution of LLP Agreement is mandatory as per Section 23 of the Act. LLP Agreement is required to be filed with the registrar in e-Form 3 within 30 days of incorporation of LLP. The individual holding DIN can anyways register an LLP. However, only one person having DIN does not suffice the requirement of registration. It will require at least two Designated Partners holding DIN.
Simple steps to be followed for LLP registration:-
Step 1: Obtain Digital Signature Certificate (DSC) for the Partners
Step 2: Obtaining Director Identification Number for the Partners
Step 3: Obtaining Name Approval
Step 4: Filing for Incorporation
Our eminent team of experts at NYAYASEVAK will assist you fully during the course of registration process and will accordingly get your LLP registered in India.
A strong professional team, first rated human resources and modern technical support enable NYAYASEVAK, to provide legal services in a well-researched, quick, quality conscious and in cost efficient manner.
DIN FOR TWO DIRECTOR
DSC FOR TWO DIRECTOR
COMPANY PAN CARD
COMPLETE THE SIMPLE, SECURE AND EASY TO ACCESS FORM OF NYAYASEVAK.
ALLOTMENT OF DSC AND DPIN BY NYAYASEVAK.
SUBMISSION OF DOCUMENTS
PAN AND TAN
COPY OF PAN CARD
PASSPORT SIZE PHOTOGRAPHS
COPY OF AADHAR CARD/ VOTING CARD OF THE DIRECTOR
ELECTRICITY BILL/WATER BILL OR RENT/LEASE/LEAVE AND LICENCE AGREEMENT OF PRINCIPAL PLACE OF BUSINESS ALONG WITH THE NOC FROM THE LANDLORD
COPY OF PROPERTY PAPERS IF SELF OWNED
Separate Legal entity unlike partnership Firm.
The liability and responsibility of every partner are limited to the contribution made in the company.
The cost of forming an LLP is less as compare to other incorporations.
Audit not required.
Less agreement and regulations in the formation of LLP.
No terms for minimum capital contribution.
Attracts more genuine customers
Acquires good bank credits and investment from reliable investors with ease.
Increases the potential to grow big and expand
Good borrowing capacity
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