Limited Liability Partnership (LLP) Price - 6499/- + Govt. Fee Extra Book Now
A Limited Liability Partnership (LLP) is formed and registered under the Act known as Limited Liability Partnership Act, 2008. A Limited Liability Partnership is a hybrid of Partnership Firm and a Company, which means it has features or characteristics of both partnership firm and company. Every LLP shall have at least two designated partners for carrying lawful business with a view to earn profit and there is no limit on maximum number of partners. LLP is governed by an agreement between the designated partners or between the designated partners and the LLP as the case may be.
The advantages of a Limited Liability Partnership (LLP) include:
- LLP shall be a body corporate.
- LLP has a separate legal entity from its partners.
- LLP shall have perpetual succession. Any change in the partners of LLP shall not affect the existence, rights or liabilities of the LLP.
- Liability of the partners is limited to their agreed contribution in the LLP.
The advantages of a Limited Liability Partnership (LLP) include:
- Minimum two Persons as Designated Partners
- Digital Signature for One Designated Partner
- Self-attested copies of KYC documents of Designated Partners (PAN, Aadhar & Bank Statement (Not older than 2 months)
- Latest one colour photograph of both Designated Partners
- Proof of Registered Office Address (Electricity Bill / Phone Bill / Water Bill) (Not older than 2 months)
- NOC from the owner of premises
- Consent from the Designated Partners in the Form No. 9
- Subscribers Contribution Sheet
- LLP Agreement
Common Registrations for Limited Liability Partnership (LLP)
- PAN/TAN Registration: PAN and TAN registration is required to be taken from Income Tax Department for filing of Income Tax returns and deduction of tax at source (TDS) and filing of returns of TDS respectively.
- GST Registration: GST registration is based on turnover limit or can be taken on voluntary basis also.
- MSME Registration: MSME or Udyog Aadhaar registration can be obtained in the name of the business using Aadhar number of any one designated partner to establish that business is registered under the Ministry of Micro, Small and Medium Enterprises.
- FSSAI Registration: In case LLP is going to operate any business in which FSSAI registration is required then designated partners must obtain FSSAI registration from Food Safety and Standard Authority of India.
- Shop and Establishment Registration: Designated partners are compulsorily required to register their business under Shop and Establishment Act of respective State. The Shops & Establishment registration is a state based labour license legislation enacted under the respective state in which the shop or establishment has been set-up.
- Import Export Code: In case designated partners thinking to export / import their product then Partners must obtain Import Export code (IEC) registration from Director General of Foreign Trade (DGFT).
- Trademark: For protection of Logo / Brand name / Trademark, Sole Proprietor can register his Logo / Brand name / Trademark under Trademarks Act, 1999 by filing Trade Mark application to Trade Mark Authority. After registration of Logo / Brand name / Trademark, we protect our Intellectual Property Rights so that no other person can use / copy it.