Limited Liability Partnership (LLP)

eMunshe.com offer Limited Liability Partnership Registration at just Rs.6000**

Including Govt. fee, PAN & TAN

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Questions? Call us on 09811985576

ABOUT LIMITED LIABILITY PARTNERSHIP

LLP is ideal for small businesses as its Incorporation cost is lesser than the Incorporation of Private Limited Company, In which no partner is responsible for the misconduct of  other partner.

To incorporate Limited Liability Partnership Firm minimum 2 partners are required one must be Indian Resident & Govt fee is fully depends upon the Capital Contribution of Firm.

Process

Free Expert Counseling

Provide Relevant documents (PAN + Photo + Aadhar of all partners) Business Ownership Proof

Make payment though Debit Card / Credit Card / Internet Banking / IMPS / Cheque

Our experts will finish work within record time

You will receive documents at your doorstep

Frequently Asked Questions (Faq’s)

Can an existing partnership firm or company be converted to LLP?

Yes, an existing partnership firm or a company that is unlisted can be converted into LLP.

Whether an office is required to form Pvt Ltd Company

Yes, It could be Residential / Commercial / Industrial place where communications can be received.

What is the meaning of Limited Liability

Liability of LLP is distinct from its member, Members are liable to the extent of their contribution in LLP

Can LLP purchase property on its name

Yes, Since it is a separate Legal entity
No partner can make any claim upon the property of LLP as long as LLP is a going concern.

Whether any capital is required to invest in LLP

Not required, LLP can be incorporated with Zero contribution

What is the Structure of an LLP

LLP shall be a body corporate and a legal entity separate from its partners. It will have perpetual succession.

Is it mandatory to get registered the partnership agreement under LLP

Yes, it mandatory to execute and file LLP Agreement in view of Section 2(0) & (q) , 22 and 23 of the Act.

As per provisions of the LLP Act, in the absence of agreement as to any matter, the mutual rights and liabilities shall be as provided for under Schedule I to the Act. Therefore, in case any LLP proposes to exclude provisions/requirements of Schedule I to the Act, it would have to enter into an LLP Agreement, specifically excluding applicability of any or all paragraphs of Schedule I

What will be the obligation if partner changes his name or address

Every partner shall inform the LLP of any change in his name or address within a period of fifteen days of such change. The LLP, in turn, would be under obligation to file such details with the Registrar within thirty days of such change in Form 4.

What is the validity period of approved name of LLP

The approved name of LLP shall be valid for a period of 3 months from the date of approval. If the proposed LLP is not incorporated within such period, the name shall be lapsed and will be available for other applicant/ LLP. Please note that there shall not be any provision for renewal of the name.

What is the difference between LLP & a Company

• 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, 1956) whereas for an LLP it would be by a contractual agreement between partners.

• The management-ownership divide inherent in a company is not there in a limited liability partnership.

• LLP will have more flexibility as compared to a company.

• LLP will have lesser compliance requirements as compared to a company.

Do I need to be physically present during this LLP Registration process?

No, the process is fully online

What are the annual and periodic compliances for LLP

Every LLP has to file an annual return in form 11 within 60 days of closing of every financial year to ROC & Form 8 by 31 Oct.

LLP, whose turnover exceed, in any financial year, forty lakh rupees, or whose contribution exceed twenty five lakh rupees, is required to get its accounts audited.

Whether any penalty is levied on non filing forms

Yes, Rs.100 per day per form till the date of filing.

Without limit

Whether LLP also require audit of accounts

Required only if its turnover exceeds Rs.40 Lakh or Its capital exceeds Rs.25 Lakh

Can a foreign National / NRI become partner in LLP

Yes, Provided that such LLP must have one Indian National Partner

What are the advantages of forming LLP

LLP form is a form of business model which:

(i) is organized and operates on the basis of an agreement.

(ii) provides flexibility without imposing detailed legal and procedural requirements

(iii) enables professional/technical expertise and initiative to combine with financial risk taking capacity in an innovative and efficient manner

Can an existing partnership firm/Company be converted to LLP

Yes, an existing partnership firm can be converted into LLP by complying with the Provisions of clause 58 and Schedule II of the LLP Act. Form 17 needs to be filed along with Form 2 for such conversion and incorporation of LLP.

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.

What are the documents required to be filed by a LLP annually

LLP is required to file LLP Form 8 (Statement of Account & Solvency) and LLP Form 11 (Annual Return) annually. The ‘Annual Return’ is required to be filed within 60 days of close of the financial year and ‘Statement of Accounts & Solvency’ shall be filed within 30 days from the end of six months of the financial year to which it relates. Every LLP has to maintain uniform financial year ending on 31st March of a year.

What is the process for intimation of changes in the partner’s details

The change in partner’s details can be intimated by filing eform 4 within thirty days of such change without additional fee and with additional fee thereafter.

Whether name of LLP can end with words like ‘Limited’ or ‘Pvt. Limited’

No, name of the LLP shall end with either ‘Limited Liability Partnership’ or ‘LLP’. Word ‘limited’ shall be allowed in name only within ‘Limited Liability Partnership’.

DOCUMENTS REQUIRED

Photograph

Photograph

PAN Card

PAN Card

Aadhar / Election Ids

Aadhar / Election Id / Passport

Ownership Proof

Ownership Proof

Ownership Proof

Ownership Proof

Questions? Call us on 09811985576

STANDARD PLAN

Rs.6,000

Registration Certificate

Digital Signatures of 2 Partners

DPIN of 2 Partners

PAN Card of LLP

G.S.T. Registration

PREMIUM

Rs.8000

Registration Certificate

Digital Signatures of 3 Partners

DPIN of 3 Partners

PAN Card of LLP

G.S.T. Registration

TAN of LLP

M/S/M/E Registration

RECOMMENDED

PRIORITY PLAN

Rs.13,000

Registration Certificate

Digital Signatures of 4 Partners

DPIN of 4 Partners

PAN Card of LLP

G.S.T. Registration

TAN of LLP

M/S/M/E Registration

Trademark Registration (Any1)

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