Limited Liability Partnership Registration

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Documents Required for Limited Liability Partnership Registration

  • 1 PAN ( Permanent Account Number) of all Partners (Minimum 2)
  • 2 Address Proof ( Voter Id, Passport, Driving License, Aadhar Card) of all partners
  • 3 Latest passport size Photographs of all partners
  • 4 Registered Office Address Proof - Electricty Bill along with Rent Agreement / ownership proof of proposed registered office.
  • 5 Copy of Mobile bill, telephone bill, electricity bill or Bank Statement of all Partners with Present address
  • 6 Stamp paper for LLP Agreement of State where LLP is to be Incorporated

Process Involved

Incorporation Documents
Digital Signatures and DIN
Name Approval
Application for Incorporation
PAN and TAN
LLP Agreement

Package Includes

DSC-digital-signature-certificate
Digital Signature Certificate

DSC

DIN-director-identification-number
Director Identification Number

DIN

MOA-AOA-memorandum-and-articles-of-association-of-company
Memorandum
of association
/ Articles of association

MOA/AOA

Certificate-of-incorporation
Certificate of incorporation

COI

PAN-permanent-account-number
Permanent Account Number

PAN

tan-tds-tax-deduction-account
TaxDeduction & Collection Account No.

TAN

Compare Your Options

  • Private Limited
  • Start-ups and growing companies
  • Very easy to accommodate
  • Yes
  • Few benefits
  • Yes
  • High
  • Know more
  • Limited Liability Partnership
  • Professional services firms
  • Possible, but unlikely
  • Yes
  • Most efficient
  • Yes
  • Low
  • Know more
  • One Person Company
  • Sole promoters
  • Possible, but severely unlikely
  • Yes
  • Few benefits
  • Yes
  • High
  • Know more
  • Partnership Firm
  • Home businesses
  • Almost impossible
  • No
  • Minimal
  • No
  • Minimal
  • Know more
  • Sole Proprietorship
  • Small traders and manufacturers
  • Impossible
  • No
  • Minimal
  • No
  • Minimal
  • Know more

Important Information

LLP is governed by Limited Liability Partnership Act 2008. Limited Liability partnership has been introduced in India with the goal of providing the structure of a business entity that provides limited liability to its owners and at the same time requires minimal maintenance.

An LLP in India has following features:

  • Liability of Partners in LLP is limited to their capital contribution.
  • Less compliance is needed as compared to a Public Company.
  • Flexibility in business operation because partners can decide how they will individual contribute to the business operations.
  • Now, LLP can access to foreign equity funds under the automatic route. No RBI approval is required.
  • No tax is levied on a distribution of profits amongst the partners.
  • No restrictions on a maximum number of partners.

Compliances after LLP Incorporation

1. Apply for PAN and TAN
2. Apply for Sales Tax / Service Tax Registration based on the nature of Business.
3. Filing Income Tax Return of Company on or Before 30th September every year
4. To maintain proper Books of Accounts
5. Form 8 for statement of Solvency every year within 30 days from the expiry of 6 months from the end of financial year i.e by 30 October.
6. Form 11 for Annual Return every year within 60 days from close of Financial Year i.e by 30th May.

The main difference is that a LLP has the organizational flexibility of a partnership. The key advantage of a LLP compared with a traditional partnership is that the partners of the LLP are able to limit their personal liability if something goes wrong with the business, in as much the same way as shareholders in a limited company are able to.

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