Limited Liability Partnership (LLP) was introduced in India by way of the Limited Liability Partnership Act, 2008. LLP is one of the easiest types of business to incorporate and manage in India. With an easy incorporation process and simple compliance formalities, LLPs are preferred by Professionals, Micro and Small businesses that are family-owned or closely-held. Since LLPs are not capable of issuing equity shares, LLP should NOT be chosen for any business that has plans for raising equity funds from Angel Investors, Venture Capitalist or Private Equity Funds.
BHARAT REGISTRATION. COM is the place where you will get the LLP INCORPORATION within the affordable price; we are having the best PROFESSIONALS who will help to incorporate LLP and all kinds of company in a professional way. We are providing all kinds of legal assistance for all entity like ANNUAL COMPLYENCE, TRADEMARK REGISTRATION/ BRAND NAME REGISTRATION, COPY RIGHT REGISTRATION; DEGIN REGISTRATION, MSME REGISTRATION, GST, IMPORT EXPORT CODE, PF, and ESI ETC. The LLP registration process is completely online, so you will get the company incorporation certificate within 7 working days. We are continuously available to help you understand how to incorporate a LLP as well as we will always ready to fulfil your requirements within the best price with a proper manner.
Authority: LLPs are registered in India under the Ministry of Corporate Affairs, Central Government. Partnership firms are registered with the Registrar of Firms, controlled by the respective State Government in which the firm is registered.
Difference between LLP & Partnership
Cost: The cost for registration of LLP is normally higher than the cost for registration of a partnership firm. LLP registration can be completed online through BHARAT REGISTRATION .COM at just Rs.6899.Authority: LLPs are registered in India under the Ministry of Corporate Affairs, Central Government. Partnership firms are registered with the Registrar of Firms, controlled by the respective State Government in which the firm is registered.
Limited Liability Protection: The main advantage of a Limited Liability Partnership over a traditional partnership firm is that in a LLP, one partner is not responsible or liable for another partner's misconduct or negligence. A LLP also provides limited liability protection for the owners from the debts of the LLP. However, unlike private limited company shareholder, the partners of an LLP have the right to manage the business directly.
Number of Partners: LLPs and Partnership Firms must have a minimum of two partners to be registered. Post incorporation, a LLP can have unlimited partners. In case of a Partnership Firm, if the number of partners at any time reduces below the mandatory minimum of 2 due to death, incapacitation or resignation of a Partner, the partnership firm would stand dissolved. On the other hand, in case of a LLP, if the number of Partners reduces below 2, the sole Partner can still find a new Partner to fill the position without dissolution of the LLP.
For the Partners
1. PAN Card or Passport for Foreigners.
2. Drivers license or Aadhar card, residence card or election identity card or any other identity proof issued by the Government.
3. Less than 3 months old bank statement or telephone bill.
Registered Office Proof
1. The authorization from the Landlord (Name mentioned in the Electricity Bill or Gas Bill or Water Bill or Property Tax Receipt or Sale Deed) to use the premises by the company as its registered office. This is usually referred to as NOC from Landlord; AND
2. Proof of evidence of any utility service like telephone, gas, electricity, etc. depicting the address of the premises in the name of the owner or document, which is not older than two months.
Income Tax Return: LLPs must file income tax return using Form ITR 5. Form ITR 5 can be filed online through the income tax website using the digital signature of the designated partner.
MCA Annual Return: LLP Form 11 is due on or before 30th of May each year. Form 11 contains details of the number of partners, total number of partners, total contribution received by all partners, details of body corporate as partners and summary of partners.
In addition to LLP Form 11, Form 8 must be filed within 30 days from the end of 6 months of the financial year along with some prescribed fee. Hence, LLP Form 8 would be due on or before 30th October of each financial year.
In addition to the above, GST registration, GST return filing and TDS return filing would be required for the LLP - based on the sales turnover and various other criteria.
Number of Partners: LLPs and Partnership Firms must have a minimum of two partners to be registered. Post incorporation, a LLP can have unlimited partners. In case of a Partnership Firm, if the number of partners at any time reduces below the mandatory minimum of 2 due to death, incapacitation or resignation of a Partner, the partnership firm would stand dissolved. On the other hand, in case of a LLP, if the number of Partners reduces below 2, the sole Partner can still find a new Partner to fill the position without dissolution of the LLP.
Documents Required for LLP Incorporation
The following are the documents required for registration of LLP in India:For the Partners
1. PAN Card or Passport for Foreigners.
2. Drivers license or Aadhar card, residence card or election identity card or any other identity proof issued by the Government.
3. Less than 3 months old bank statement or telephone bill.
Registered Office Proof
1. The authorization from the Landlord (Name mentioned in the Electricity Bill or Gas Bill or Water Bill or Property Tax Receipt or Sale Deed) to use the premises by the company as its registered office. This is usually referred to as NOC from Landlord; AND
2. Proof of evidence of any utility service like telephone, gas, electricity, etc. depicting the address of the premises in the name of the owner or document, which is not older than two months.
Post-Incorporation LLP Compliances
BHARAT REGISTRATION .COM can help you maintain the ANNUAL COMPLIANCE The following are compliances that a LLP must complete each year.Income Tax Return: LLPs must file income tax return using Form ITR 5. Form ITR 5 can be filed online through the income tax website using the digital signature of the designated partner.
MCA Annual Return: LLP Form 11 is due on or before 30th of May each year. Form 11 contains details of the number of partners, total number of partners, total contribution received by all partners, details of body corporate as partners and summary of partners.
In addition to LLP Form 11, Form 8 must be filed within 30 days from the end of 6 months of the financial year along with some prescribed fee. Hence, LLP Form 8 would be due on or before 30th October of each financial year.
In addition to the above, GST registration, GST return filing and TDS return filing would be required for the LLP - based on the sales turnover and various other criteria.
Our Best Plans
We will provide you
1. 2 DSC & 2 DIN
2. One-time name Filing
3. PAN, TAN
4. incorporation
5. LLP agreement
6. FREE MSME REGISTRATION
We will provide you
1. 2 DSC & 2 DIN
2. One-time name Filing
3. PAN, TAN
4. Incorporation
5. LLP agreement
6. GST REGISTRATION
7. FREE MEMS REGISTRATION
We will provide you
1. 2 DSC & 2 DIN
2. One-time name Filing
3. PAN, TAN
4. Incorporation
5. LLP agreement
6. GST REGISTRATION
7. TRADEMARK REGISTRATION
8. FREE MSME REGISTRATION
...