LLP Registration (Capital Up To 50K)
- Inclusive Of Govt. Fees
WHAT IS LIMITED LIABILITY PARTNERSHIP (LLP) ?
In Our India most of the businesses operate through a Companies, Partnerships or Sole Proprietors. But considering the limitations of partnership firms and rigidity of Companies, government has introduces LLP Act, 2008 which has provided alternative corporate business vehicle having flexibility of Partnership Firms and advantages of Private Limited Company at a Low Compliances Cost. LLP provides a platform to small and medium enterprises to conduct their business/profession efficiently. A limited liability partnership (LLP) is a formal partnership between at least two business partners. In LLP there will be an agreement made between partners of LLP which contains their Rights, Liabilities, Contributions, Profit/Loss sharing ratio and other clauses etc. In short LLP is managed by LLP Agreement. LLP is hybrid form of organization having combine features of Private Limited Company and Partnership Firm but it is administered by MCA through LLP Act, 2008.
STARTEASY with highly professionals and expertise will help you for forming a LLP and also guide while finalizing LLP agreement
Director and Shareholder may be the same person
Documents Required LLP:
Click on Get Started button above and fill the details, you will receive required documents list & quotation in few seconds in your mailbox.
No charges for requirement document list and Quotation.
General Documents: PAN & Aadhar
Identity Proof: Driving License / Passport/ Voter ID
Address Proof: Latest Bank Statement or Passbook/ Latest Electricity Bill (Not Older than 2 Month)
Business Proof: Electricity Bill of Business Premises
What we will provide you ?
Free Consultation
DSC for 2 Directors
DIN for 2 Directors
Name Approval
LLP Registration Certificate
LLP Agreement
LLP PAN Card
STAMP DUTY PAYMENT
Government Fees Payment
- Minimum Two Partners.
- At least 2 Unique Names required for reservation – name should not be same or similar to an already registered company, LLP or a Trademark.
- Capital Contribution.
Documents Verification –
Our dedicated expert will verify all the documents of Director/Shareholder and other required documents.
Name Reservation –
The proposed name is applied and obtained from the Ministry of Corporate Affairs. 2 names can be provided. In case of rejection of both names, an opportunity is provided for re-submission of the form with 2 more names. Starteasy will help you while deciding the Name of Company.
Application for Digital Signature Certificate (DSC)–
DSC will be obtained for proposed Director/Shareholder.
Drafting of LLP Agreement –
Documents like NOC, Consent Letter, Specimen Signature etc. will be prepared and sent to promoters for signature. Once Signed documents are received STARTEASY experts will prepare MOA, AOA and other required forms.
Filling of Forms with ROC for Incorporation –
All these forms Spice+, MOA, AOA etc. needs to file with Concerned ROC and this mentioned process finally culminates into the registration of the Section 8 Company with issuance of Certificate of Incorporation. Certificate of Incorporation is conclusive evidence of Registration of Section 8 Company.
1) Limited Liability –
liability of partners are Limited i.e. they are not fully responsible for debts or liability of LLP. Major reason to why go with LLP form is that liability of partners extends only up their contributions in the Business. In an LLP one partner is not responsible for the other partner’s misconduct or negligence or incompetence of the other partners.
2) Perpetual Succession –
LLP shall be separate legal entity from its partner. It has perpetual succession.
3) Number of partners –
Number of partners LLP must have at least two individuals as Designated Partners. At least one of the Designated Partners must be resident in India. A body corporate partner of the LLP may nominate an individual as a Designated Partner. There is no limit on the maximum number of partners.
- This unique hybrid combination of a limited and partnership company is thus suitable for small, medium-sized businesses or professionals.
Statutory Auditor Appointment – (Within 30 Days)
Form 11: Every LLP needs to file Form- 11 which contain information about LLP, Partners within 30 days of end of financial year. (Upto 30th May)
Form 8: Every LLP need to file form -8 which contain statement of accounts and solvency, within 30 days from the end of 6 month of the financial year. ( Up to 30th Oct).
Income Tax Filling – ( Up To 30th Sept)
Every LLP needs to file Income Tax Return (ITR-5) upto 30th September.
Director KYC –
All Designated partner of LLP have to complete their DIN KYC every year before 30th September.
DSC (Digital Signature Certificate) –
an electronic document issued by a Certificate Authority. DSC is used for making signature on soft copies i.e. Certificates serve as proof of identity of an individual for a certain purpose.
What is LLP Form 8 and due date?
Form 8 consist of the statement of Account and Solvency. LLP need to file Form 8 along with the fee, within 30 days from the end of six months of the financial year. Year ending for LLPs is 31st March of each year. Two designated partners must sign the form digitally. Further, it must be certified by a chartered accountant, auditor or the accountant of the company. Form 8 consists of information related to the statement of assets of the LLP and liabilities and statement of income and expenditure of the LLP .
What is LLP Form 11 and due date?
The form should contain the complete details of all the partners, their contributions towards the LLP. LLP needs to file Form 11 along with the fee, within 60 days of the financial year. Year ending for LLPs is 31st March of each year. Therefore, LLPs have to file the LLP Form 11 on or before 30th May every year.
Timeline to Register a Company-
With STARTEASY you will get Registration of your Company within 8-10 Days.
Proceeding time would vary depending upon time taken by client to submit documents and time taken by government authorities.