Limited Liability Partnership (LLP)
₹11,000.00 Original price was: ₹11,000.00.₹8,999.00Current price is: ₹8,999.00. (incl. of taxes)
Summary
Prices may Increase with increase in No. of Partners, Authorized Capital etc.
State Stamp paper will be provided by the customer.
The Services Includes: ✅
✅ Digital Signatures (Two Partners)
✅ DIN Of Partners
✅Filing of FiLLiP form
✅Issue of Incorporation Certificate along with PAN and TAN
✅LLP Agreement (UPLOADING Only)
✅ MSME Registration of your company
Documents Required ✅
✅For director and shareholder
Pan card
Aadhar card
Bank statement/Electricity bill
Phone no
Mail id
Passport Size Photograph
✅ For LLP address proof
Electricity bill where address is mentioned
The Concept of LLP in India was introduced back in 2008 by the Limited Liability Partnership Act of 2008. This unique hybrid is suitable for setting small, medium-sized businesses. It is very easy to manage and incorporate a Limited Liability Partnership in India. To register an LLP, minimum of two partners are required, there is no upper limit as such. The LLP agreement states the rights and the duties of the Partners. In an LLP one partner is not responsible for the misconduct and negligence of the other partner. The partners are responsible for the compliances and all the provisions that are specified in the LLP agreement.
A limited liability partnership (LLP) is a type of business structure that combines the benefits of a partnership and a limited liability company (LLC). In an LLP, the partners have limited liability, which means that their personal assets are not at risk in the event of the business’s debts or liabilities. However, unlike an LLC, an LLP is not a separate legal entity from its partners. This means that the partners are personally liable for the LLP’s debts and liabilities, up to the amount of their investment in the LLP.
Here are some of the benefits of an LLP:
- Limited liability: The partners in an LLP have limited liability, which means that their personal assets are not at risk in the event of the business’s debts or liabilities.
- Flexibility: LLPs offer a great deal of flexibility in terms of how they are managed and operated. The partners can decide how they want to share profits and losses, and they can also decide how they want to manage the business.
- Tax benefits: LLPs can be taxed as partnerships or as corporations. This gives the partners the flexibility to choose the tax structure that is best for them.
Here are some of the drawbacks of an LLP:
- Liability: The partners in an LLP are personally liable for the LLP’s debts and liabilities, up to the amount of their investment in the LLP. This means that if the LLP defaults on its debts, the partners could not be forced to sell their personal assets to pay off the debts.
- Cost: Setting up and maintaining an LLP can be more expensive than setting up and maintaining a sole proprietorship or a partnership.
- Regulation: LLPs are regulated by the Companies Act, 2013. This means that LLPs must comply with a number of legal requirements, such as filing annual returns and paying taxes.
Overall, an LLP can be a good choice for businesses that want the benefits of limited liability and the flexibility of a partnership. However, it is important to weigh the benefits and drawbacks of an LLP before deciding whether it is the right business structure for you.
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Partnership Firm
- Partnership Deed
- PAN
- TAN
- MSME Registration
- GST Registration
- PAN Card A self-attested copy of PAN Card of all partners.
- Partners Address Proof Self- attested copy of Aadhar Card and Voter ID/ Passport/ Driving License of all partners
- Business Address Proof Utility Bill (Electricity Bill) of the place of business
-
Rent Agreement Rent Agreement and NOC from the owner of the place of business, if rented