Registration Cost

8125 /-
 

Package Includes

MyCorporation Fee: 2990
2 DIN    : 2000
2 DSC    : 2000
Govt Fee ( 100000)    : 550
Stamp duty (Delhi)    : 0
Taxes    : 585

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Package Includes

DSC is required for signing eletronic form on Mca website.this is compulsory for director.A licensed Certifying Authority (CA) issues the digital signature. Certifying Authority (CA) means a person who has been granted a license to issue a digital signature certificate under Section 24 of the Indian IT-Act 2000.

Director Identification Number (DIN) is a unique identification number given to an existing or a potential Director of any company which is incorporated.

Memorandum of Association (MOA) is the supreme public document which contains all those information that are required for the company at the time of incorporation. It can also be said that, a company cannot be incorporated without memorandum. It contains the objects, powers and scope of the company, beyond which a company is not allowed to work, i.e. it limits the range of activities of the company. ‘Articles of Association’ shortly known as AOA, is also a major document which contains all the rules and regulations designed by the company. Below you can see the basic differences between the Memorandum of Association and Articles of Association.

A certificate of incorporation is a legal document relating to the formation of a company or corporation. It is a license to form a corporation issued by state government. Its precise meaning depends upon the legal system in which it is used

Permanent Account Number (PAN) is a code that acts as identification of Indians, especially those who pay Income Tax. It is a unique, 10-character alpha-numeric identifier, issued to all judicial entities identifiable under the Indian Income Tax Act 1961.

In India, a Tax Deduction and Collection Account Number (TAN) is a 10 digit alphanumeric number issued to persons who are required to deduct or collect tax on payments made by them under the Indian Income Tax Act, 1961.

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 directors / promoters with Present address (could be different from permanent address).
Process Involved 20%

STEP 1

Incorporation Documents

STEP 2

Digital Signatures and DIN

STEP 3

Name Approval

STEP 4

Application for Incorporation

STEP 5

PAN and TAN

STEP 6

Partnership Deed Registration

Incorporation Documents are prepared and sent for Signatures.

Once ID proofs and signed documents are received, Digital Signature and DIN is applied for Directors

Once all all partners are ready with DIN numbers, Application for Name Approval is filed with MCA, MCA Checks the name availability and approves a name based on Name Guidelines

After name is approved, Documents and Partnership deed is prepared and sent for Signatures. Once signed documents are received, Application of Incorporation is filed with MCA. MCA check and Approves the Incorporation Application.

PAN is applied based on Incorporation Certificate after that TAN is applied Once we receive copy of PAN card

Application is filed with MCA for Registration of Partnership Deed, This need to be done within 30 days from the date of Incorporation

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 Registration

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.

Process for LLP Registration

Step-I- Obtain DSC : Designated partner of LLP/proposed LLP, whose signatures are to be affixed on the e-forms has to obtain class 2 Digital Signature Certificate (DSC) from any authorized certifying agency

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Step-II- Obtain DIN : Every individual intending to be appointed as designated partner of a limited liability partnership has to make an application for allotment of Director Identification Number. Now instead of DPIN, every partner who will be appointed as designated Partner will need to apply for DIN and not DPIN.

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Step-III- search for name availability : Selection of business name is crucial for the image of your venture. You select a name which reflects the business you plan. Ensure selected name satisfy LLP Name Guidelines of Ministry of Corporate Affairs.

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Step-IV- filling of form llp-1 (name approval)- Section-16 : After Search of Name approval, if name is available according to your search. Then Following Information are required to be filed in form LLP-1:-

  • DIN of Designated Partner.
  • Email Id
  • Occupation
  • State of Register office of Company
  • Objects of LLP
  • Partners Contribution into LLP
  • Name of LLP
  • Significant of Name
  • If Proposed Name is Based on Trade Mark (NOC from the Owner of TM)
  • DSC of Designated Partner

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Step-V Filing of (Form 2) for Incorporation and Subscription Document : After receiving of Name approval Letter from ROC within 90 days there is need to prepare and get sign all the documents required to be attached in Form-2 and file Form-2 with ROC.
DOCUMENTS REQUIRED TO BE ATTACH IN FORM LLP-2:-

  • Proof of address of registered office of LLP
  • Subscribers’ sheet including consent
  • Detail of LLP(s) and/ or company(s) in which partner/ designated partner is a director/ partner (if applicable).

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Step-VI- Drafting of LLP agreement Section- 23(3) : Section 23(3) of the LLP Act provides that an agreement in writing made before the incorporation of a LLP between the persons who have subscribed their names to the incorporation document.
The LLP Agreement must be Stamped in accordance with the stamp Act applicable in the relevant state where LLP is being incorporated.
Its include information as given below:
Effective Date of LLP Agreement, Registered Office of LLP, Business of LLP, Contribution of Partners, Profit Sharing Ratio, Provisions for Admission, Resignation, Retirement and cessation of partners, Removal of Partners, Rights of Partners, Duties of Partners, Duties & Responsibilities of Designated Partner, Meetings, Liability of LLP, Winding up & Dissolution, Accounting Year, Audit, Jurisdiction, Validity of this Agreement etc.

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Step-VII- Filling of LLP agreement (form- 3) : It is not mandatory to file LLP agreement at the time of registration and same can be file in form LLP-3 within 30 days of Incorporation of LLP.
The LLP agreement has to be uploaded. Once it gets approved all the formalities for registration gets completed. The LLP can start It’s business now onwards

FAQ

LLP is an alternative corporate business form that gives the benefits of limited liability of a COMPANY and the flexibility of a PARTNERSHIP. Since LLP contains elements of both ‘a corporate structure’ as well as ‘a partnership firm structure’ LLP is called a hybrid between a company and a partnership..
A basic difference between an LLP and a joint stock company lies in that the internal governance structure of a company is regulated by statute (i.e. Companies Act, 2013) whereas for an LLP it would be by a contractual agreement between partners. LLP will have more flexibility as compared to a company and lesser compliance requirements.
Yes, any existing private company or existing unlisted public company can be converted into LLP by complying with the Provisions of clause 58 and Schedule III and IV of the LLP Act. Form 18 needs to be filed with the registrar along with Form 2 for such conversion..
Any two persons who consent to become partners can incorporate an LLP.
Firstly we just need to find a unique name as prefix and promoters need to provide a name of the proposed LLP along with the significance of the word. Secondly, the name needs to include a word about the LLP business activity. Finally, before selecting Names it will be advisable to check on Google, MCA Portal, MCA Guidelines and Trade Mark site the availability of Name..
After filing incorporation details, and if the details are found to be correct then ROC issue certificate of Incorporation..
The cost of registration is almost the same for both..
Yes, an existing partnership firm or a company that is unlisted can be converted into LLP. There are many advantages of converting a partnership firm into a LLP; however, the same doesn't apply for the conversion of a Company to a LLP..

 

Under “traditional partnership firm”, every partner is liable, jointly with all the other partners and also severally for all acts of the firm done while he is a partner. Under LLP structure, liability of the partner is limited to his agreed contribution. Further, no partner is liable on account of the independent or un-authorized acts of other partners, and registered with Ministry of Corporate Affairs just like company.
You can start a Limited Liability Partnership with any amount of capital. There is no requirement to show proof of capital invested during the incorporation process. Partner's contribution may consist of both tangible and/or intangible property and any other benefit to the LLP..
It will be dealt under the Income Tax and other tax laws separately, prima facie a LLP is taxed as a partnership. The internal structure of the LLP is similar to that of a partnership. The members provide working capital and share any profits. Income derived by the members from the LLP will be closer to that of a partnership than to the dividends paid by companies..
The Unique Number is required to allot to an Individual which remains valid for whole life of the individual and is required to become Partner of any LLP..
No, partners are not required to present personally because documents can be filed online at any place..
To incorporate an LLP we required approximately 22 working days. The time taken for incorporation will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure a speedy process of incorporation, please choose a unique name for your LLP and ensure you have all the required documents are provided before starting the incorporation process.
An LLP can own and enjoy property in its own name, partners are not owners of the company's property..