Limited Liability Partnership
(LLP)

Limited Liability
Partnership
(LLP)

Limited Liability Partnership (LLP) is a legal and separate entity. It is registered under Limited Liability Partnership Act, 2008. Limited Liability Partnership is overall a good Legal structure for business, combining the leverage of both Company as well as Partnership firm. It shall have Minimum 2 Designated Partners and at least one of them shall be Resident of India.  A Foreign National can be the Designated Partner as well as Partner in the Limited Liability Partnership.

Compliances are lesser in LLP as compared to a company, yet the partners have limited liability since LLP acts as a legal entity separate from partners.

In Limited Liability Partnership, the liability of Partners is limited up to contribution they have agreed upon to contribute; it is a major benefit to the Partners of the Limited Liability Partnership. Partners would not be liable for anything other than their investment in the business. There are no Restrictions on entering into any legitimate contract with related Parties. Further to that there are no restrictions with regards to financials transactions like loans from partners and investments in market and incorporate transactions.

Another major advantage of Limited Liability Partnership Formation is that it is easy to attract quality employees as well as to motivate them with corporate designations.

Tax Baniya will help you in all your requirements regarding the registration of Limited Liability Partnership and other formalities. Our Business advisors will give solutions to all your queries regarding the Limited Liability Partnership Registration and help you to take your decisions easily. Tax Baniya started with the simple idea that doing business in India should be very easy. Our growing team of young hard working professionals is our biggest asset. Our team puts the consumer first, and work meticulously to ensure that documents are filled correctly and swiftly. Tax Baniya is leading Registration Service Provider and acts as a Consultant in Mumbai, Delhi, Chennai, and Bangalore and across India.

Simple Pricing

Silver
Rs.5,999 /-
LLP Registration
with 2 DSC, 2 DIN *
Upto Rs. 50,000 /- Contribution
Incorporation fee
Stamp Duty
LLP Agreement & Incorporation Certificate
PAN & TAN
Eorder
Gold
Rs.7,999 /-
LLP Registration
With 2 DSC, 2 DIN*
Upto Rs. 50,000 /- Contribution
Incorporation Fee
Stamp Duty
LLP Agreement & Incorporation Certificate
PAN & TAN
GST
Udyog Adhar
Eorder
Diamond
Rs.9,999 /-
LLP Registration
With 2 DSC, 2 DIN *
Upto Rs. 50,000 /- Contribution
Incorporation fee
Stamp duty
LLP Agreement & Incorporation Certificate
PAN & TAN
GST
Udyog Adhar
IEC Code
Eorder

*(Above 2 Designated Partners, extra Rs. 2500 /- Per Designated Partner)

Note: An additional fee of Rs. 15,000/- (For FCGPR filing with RBI) will be applicable for incorporation of an LLP with foreign Partners.

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Deliverables

  • DPIN of Designated Partners
  • DSC of Designated Partners
  • LLP Agreement
  • Incorporation Certificate of LLP
  • PAN of LLP
  • TAN of LLP
Steps to Form Company
0
Collect Checklisted Documents
Information & Photos
0
PREPARE DOCUMENTS, LLP DEED & GET SIGNED
0
Apply for
Digital
Signatures
0
Upload with desired name in FILLIP Form

& Submit LLP Agreement

Timeline

  • Certificate of Incorporation : 10 – 15 days after all Documents
  • PAN Card : 10 – 15 days after certificate of commencement (Physical PAN)
  • E-PAN : within 5 – 7 days
  • GST Registration : 2 – 3 days after PAN Number Allotment

Features of Limited Liability Partnership (LLP)

Taxation
LLP is treated on a par with partnership firms. Thus, LLP is liable for payment of income tax and share of its partners in LLP is not liable to tax. Thus no dividend distribution tax is payable. Provision of ‘deemed dividend’ under income tax law, is not applicable to LLP. Section 40(b): Interest to partners, any payment of salary, bonus, commission or remuneration allowed as deduction.
LEGAL & SEPARATE ENTITY
LLP having features as limited liability and a separate legal entity status, which means the LLP shall be considered as a separate entity from the partners / designated Partners of LLP. Therefore it has legal Capacities of its own and can take a legal action against frauds.
Limited Liability
LLP has a limited liability to the extent of contribution of the Partners. The liability of LLP is limited to its assets only, personal properties of partners / designated Partners is not considered for the liability of LLP to Creditors.
LESSER COMPLIANCE & RESTRICTIONS
A LLP does not require audit if it has less than Rs. 40 lakhs of turnover and less than Rs.25 lakhs of capital contribution. Can take Unsecured loan freely from anyone. Less Annual RoC Compliances as compared to Private Limited
Perpetual Succession
A LLP has 'perpetual succession', that is continued or uninterrupted existence until it is legally dissolved. A LLP being a separate legal person, is unaffected by the death or other departure of any Partner. Hence, a LLP continues to be in existence irrespective of the changes in ownership.
Flexible to Manage
LLP Act 2008 gives LLP the at most freedom to manage its own affairs. Partner can decide the way they want to run and manage the LLP, in form of LLP Agreement. The LLP Act does not regulated the LLP to large extent rather than allows partners the liberty to manage it as per their will and fancies.
Tax Baniya
Register Your Limited Liability Partnership (LLP) In India
Upload Documents

Information Required for Company Registration

Name of LLP

Significance of LLP Name

Object of LLP

Contributions

Email id of Partners

Mobile Number of Partners

info@taxbaniya.com
+91-89282 31748

For Expert Assistance

Documents Required for Company Registration

Photos

of Partners & Designated Partners

PAN Card of Partners & Designated Partners

PAN Card of Indian Partners or
Passport of Foreign Applicants

Address Proof of Partners & Designated Partners

Any one of (Latest 1 month old)

  • Electricity bill or Telephone bill or Mobile bill or Bank Statement

Identity Proof of Partners & Designated Partners

Any one of the  Passport or Driving Licence or  Voter Id-card
or Aadhar Card

Address Proof of Registered Office Place

Any one of the (Latest 1 month old)

  • Electricity bill or Telephone bill or Mobile bill or Bank Statement &
  • No Objection Certificate (NOC ) From Landlord

In case of Foreign National

Passport is mandatory in case of Foreign national and if partner is foreign company then charter of company shall be required and all documents related to foreign individual and company shall be Notarised / Appostiled in the foreign home country of applicant (Not required if BUSINESS VISA is valid and applicant is available in India while forming LLP)

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