LLP Registration

Limited Liability Partnership/LLP is a form of business organization combining the indispensable aspects of a partnership firm. The main advantages of the LLP is limited liability where only the assets of the LLP will be used for their liabilities.

LLPs are commonly used by small and medium enterprises and also for the business professionals like law firms, accounting firms (CS, CA & CMA) and wealth managers.
Incorporation gives you a professional status and also Registering the Trademark of your LLP will help you to safeguard your identity and restrict others from using it.

Benefits of Incorporation of LLP

Limited Liability

The liability of the LLP is limited. The personal assets of the partners will not be used for unpaid debts. If the company is facing a financial crisis, full assets of the LLP will be used to pay back their loans.

Separate Legal Entity

LLP will be considered as a separate legal entity where the assets & liabilities of the business and members are not same. LLP will be considered to be a legal person and also holds the Right to Sue a third party in case of any dispute or default arises.

No Minimum Capital

You can start up your LLP with zero paid up capital. Now capital amount cannot stop you from starting your business.

Lower cost and Compliance Burden

The Cost of registration and the compliance requirements of LLP is lower than Private or Public Company. The profits withdrawn by the partners do not attract Dividend distribution tax (DDT).

Documents required for Incorporation of LLP

  • ID Proof:Aadhar / Voter ID / Driving licence / Passport.
  • Address Proof and Utility Bill:The Address proof of the partners along with the Proof of the registered place of business (Ownership documents/ rent or lease agreement) or any bill in relation to electricity /landlord bill / bank statement.
  • Photos:The photos of the respective partners should submit for the clarification and proof of the concerned person.
  • PAN:The PAN card of the respective Partners and designated authorities of the LLP.
  • DSC:Digital signature is the electronic signature format of the partners for the purpose of e-filing the incorporation of LLP.
  • NOC (Owner/Landlord):No objection certificate by the owner / landlord must be enclosed.
  • Passport:No objection certificate by the owner / landlord must be enclosed.