CORPORATE SECRETARIAL COMPLIANCE & CORPORATE AFFAIRS & BUSINESS FORMATION

separator image
  • Incorporation of Companies and Limited Liability Partnership (LLP).
  • Drafting of Memorandum and Articles of Association.
  • Incorporation of Special Object Companies including Section 08Company.
  • Incorporation of a company by Part IX conversion.
  • Commencement of Business.
  • Alteration of Memorandum and Articles of Association of a Company.
  • Change of Name of Companies.
  • Annual Return Certification, Certification under LLP Act, FEMA and RBI Rules.
  • Filling and filing of various forms, returns etc. with ROC
  • Registration of Charges, Search Reports and Status Reports
  • Compliance Certificate of the Companies Act.
  • Search Report of Companies and Due Diligences.
  • Search Report of Companies and Due Diligences.
  • Maintenance of Statutory records and minute books under Companies Act, 2013
  • Shifting of Registered Office from one State to another.
  • Maintenance of Statutory records and minute books under Companies Act, 2013
  • Maintenance of Statutory records and minute books under Companies Act, 2013
  • Maintenance of Statutory records and minute books under Companies Act, 2013

WHAT IS LIMITED LIABILITY PARTNERSHIP (LLP) REGISTRATION?

separator image

Limited Liability Partnership (LLP) Registration as the name suggests defines limited liability to its partners. Thus it has features of both, a corporation and a partnership. One partner is responsible for only his own actions and not the actions of his partner. LLPs are governed by Limited Liability Partnership Act(LLP Act), 2008.

Free Consultation and Documentation

Our Expert team resolve your queries. Our consultation is completely free.

Action Required by you

You Need to fill up the draft, Make Payment and Submit Documents to LegalDocs

Action By Legal docs

Once the Documents are uploaded we'll start the step -by-step process of Incorporation

DOCUMENTS REQUIRED FOR LLP REGISTRATION

separator image
  • PAN Card of Directors
  • PAN card of all partners.
  • Address proof of all partners.
  • Utility Bill of the registered office
  • A No-Objection certificate from the landlord
  • A copy of the rental agreement.

ENTITY COMPARISON GUIDE

separator image
TYPE LLP PVT PROPRIETORSHIP PARTNERSHIP OPC
Members 2- Unlimited 2-200 Maximum 1 20-Feb 1
Legal Status of Entity Considered as separate Legal entity Considered as separate Legal entity Not Considered as separate Legal entity Not Considered as separate Legal entity Considered as separate Legal entity
Members Liability Liability of its members is limited Limited to the extent of share capital Unlimited Liability Unlimited Liability Limited to the extent of share capital
Registration Registered Under MCA Registered Under MCA Not Compulsory Optional/ Can be Registered under partnership Act 1932 Registered Under MCA and Companies Act 2013
Transferability Option Can Be Transferred Can Be Transferred Not Allowed Not Allowed Allowed to only one person
Taxation 30% of Profit Plus CESS and Surcharges applicable 30% of Profit Plus CESS and Surcharges applicable As in Individual 30% of Company Profit 30% of Profit Plus CESS and Surcharges applicable
Annual Filings Filed with the registrar of the company Filed with the registrar of the company Income Tax Returns with the Registrar of companies Income Tax Returns with the Registrar of companies Filed with the registrar of the company

FEATURES OF LLP

separator image
  • LLP company is treated like any other partnership firm for taxation purposes
  • One of the partners in LLP company,must be an Indian
  • Registrar of Companies registers and controls LLPs in India
  • No partner is liable on account of the independent or unauthorized actions of other partners, thus allowing individual partners to be shielded from joint liability created by another partner's wrongful business decisions or misconduct.
  • Liability is limited to each partner agreed upon contribution to the LLP company in India.

ADVANTAGES OF LLP REGISTRATION

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

DISADVANTAGES OF LLP REGISTRATION

separator image
  • Few of the states in India have restricted formation of LLP in state due to various tax benefits.
  • 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.

DOCUMENT REQUIREMENTS FOR LLP registration

separator image
  • 2-Digital Signature Certificate (DSC)
  • 2-Director Identification Number (DIN)
  • Company Name Approval By Ministry
  • LLP Company Registration Certificate
  • Permanent Account Number (PAN)
  • LLP agreement
  • Tax Account Number (TAN)

LLP REGISTRATION FAQS

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.
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
LLP Agreement is a contract between members of an LLP which generally contains all the rules and obligations for the members,member’s investment,regulations regarding property, profit and loss sharing,decision-making process of the company among other things
Please refer to the steps mentioned above to register your partnership firm.
Please refer to the above-mentioned step by step procedure to form LLP.
Please refer the above mentioned step by step procedure for online company registration.
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.
Please follow the step by step procedure mentioned above on this page.
No. This process is completely online and physical presence is not needed.