LLP Formation

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LLP Formation Package

Basic

12000 8990
  • LLP Name Approval
  • LLP Incorporation
  • LLP Agreement
  • Stamp Duty*
  • DSC upto 2 Partners
  • DSC upto 2 Partners
  • DIN upto 2 Partners
  • PAN
  • TAN
  • Current Account*

Standard

15000 9990
  • LLP Name Approval
  • LLP Incorporation
  • LLP Agreement
  • Stamp Duty*
  • DSC upto 2 Partners
  • DIN upto 2 Partners
  • PAN
  • TAN
  • Current Account*
  • GST Registration

Premium

20000 11990
  • LLP Name Approval
  • LLP Incorporation
  • LLP Agreement
  • Stamp Duty*
  • DSC upto 2 Partners
  • DSC upto 2 Partners
  • DIN upto 2 Partners
  • PAN
  • TAN
  • Current Account*
  • GST Registration
  • Import Export Code (IEC)

Limited Liability Partnership (LLP)

Limited Liability Partnership (LLP) is business form which provides benefits of limited liability and flexibility of a partnership business. Compliance requirement is less in LLP as compared to company form of business structure. Audit is exempted up to certain level of turnover in case of LLP. Minimum two people can form an LLP. There is no maximum limit on the number of its partners. This is preferred choice for small businesses and instead of general partnership. We are leading LLP Registration consultants. ​ An LLP also gives limited liability protection for the owners from the debts of the LLP. Accordingly, all partners in an LLP enjoy a kind of limited liability protection for every individual’s protection within the partnership, related to that of the shareholders of a private limited company.

Documents / Information Required for Formation of LLP

  1. Proposed name(s) along with significance
  2. Object of the proposed LLP
  3. Contact No. and Email ID of the LLP
  4. Proposed contribution and its share
  5. Address of registered office along with NOC and proof (for eg.: utility bill)
  6. Stamp paper for LLP Agreement of State where LLP is to be Incorporated
  7. Registered Office Address Proof – Electricty Bill along with Rent Agreement / ownership proof of proposed registered office.

Following information of proposed designated partners and partners:

  1. Copy of self attested PAN ( Permanent Account Number) of all Partners (Minimum 2)
  2. Identity Proof of each partner, (Aadhar Card, Passport, Driving License or Voter ID Card)
  3. Address Proof of all partners (Bank Statement or Passbook, electricity bill, telephone bill or any utility bill)
  4. Latest passport size Photographs of all partners
  5. E-mail ID and Contact No.
  6. DPIN / DIN (if available)
  7. Documents Must be self attested

Minimum Requirement to Start A LLP

Minimum Two People: 

Two people are needed to register the LLP. However, there is no limit on maximum partners.

No Minimum Capital: 

Capital in case of LLP is depending on the need of the business and contribution to partnership by partners. The Stamp Duty on the deed is based on the amount of capital.

Resident Person requirement: 

One Designated partner of LLP must be from India.

Unique Name: 

Name of the LLP should be unique, and it must not be same or similar to the name of any existing company, LLP or trademark which is registered or applied for.

Advantage of LLP

Limited Liability

Partners’ liability of the LLP is limited and it is limited only to their contribution by them to the LLP.

Separate Legal Entity

LLP is a separate legal entity and a juristic person distinct from its partners and both can sue each other and be sued.

Continuity of existence of the LLP

LLP continue to exist even after the death of the partner.

Minimal regulatory compliance

Regulatory compliance are very less in case of LLP as compared to company form of entity.

Property Ownership

LLP enjoys the right to own, enjoy and transfer property. The rights can be exercised by the LLP in its own name.

No Audit Requirement

There is no audit requirement up to turnover of less than 40 Lakhs and capital contribution of less than 25 Lakh.

Transferability of ownership

The ownership of a LLP can be easily transferred to another person. However, transferee should be inducted as a Designated Partner of the LLP.

Taxation

Both Partners & LLP can give loan to each other. There is no dividend tax in case of LLP.

Advantage of LLP

Get Free consultation / advice by our experts after filling up enquiry form or contacting us

Our expert will evaluate your documents as shared

We will Prepare and file all the required documents with all the required details with appropriate authority.

Our expert will follow up with /provide information to the clarification seek by filing authority to get your application processed at the earliest

Your requirement is now completed & your appropriate registration certificate will be sent to you.