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Limited Liability Partnership
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Get your Limited Liability Partnership firm with us, starts at just Rs. 5999/-* Now to get started Pay Just Rs. 299/- , and the rest will be pay conveniently after processing begins.

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Limited Liability Partnership Registration
Overview

LLP was launched in India via the “Limited Liability Partnership Act, 2008”.LLP stands for Limited Liability partnership. LLP is a combines the benefits of a partnership with that of a limited liability company.

The most important benefit of a “Limited Liability Partnership” is that, one partner is not liable for another partner’s misconduct or negligence. LLP was introduced to provide a form of business that is easy to maintain and to help owners by providing them with limited liability. LLP form of organization is usually preferred by Professionals, Micro and Small businesses that are family owned or closely-held.

For a Limited Liability Partnership registration in India, H & G Ebiz Pvt Ltd is one of the most affordable Service providers.

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Reason to Register Private Limited Company:
  • Limited Liability:
    The most vital reason for registering as LLP is the limited liability. The members of the LLP are only liable for a small amount of debt incurred by it. This is entirely different from proprietorship and partnership Firm where the personal assets of the Proprietor and partners are not protected if the business becomes bankrupt.
  • Separate Legal Entity With Perpetual Succession:
    LLP enjoys the benefit of Separate Legal Identity in the eyes of law. Each partner can sue the other in case a situation arises.It has an uninterrupted existence that follows perpetual succession, i.e., company is unaffected by death or departure of any partner. A term of dissolution has to be mutually agreed on for the firm to dissolve.
  • Suitable For Small Business:
    LLPs having a capital amount less than 25 lakhs and turnover below 40 lakhs per year do not require any audits. It makes registering as LLP beneficial for small businesses and start-ups.
  • Easy Transfer:
    Transferring the ownership of LLP is also simple. A person can quickly be inducted in as a designated partner and the ownership switches to them.
  • No Minimum Capital
    No minimum capital is required for LLP Formation. A Limited Liability Partnership can be registered even with Rs. 1,000 as total capital contribution.
  • Low registration cost:
    The cost of registering an LLP is comparatively lower than that of incorporating a public limited company or a private limited company. You can register an LLP here through H & G Ebiz at just Rs. 1999/-.
  • No limits on the owners of the business:
    An LLP requires a minimum of 2 partners but there is no such upper limit on the maximum number of partners. Whereas in a private limited company, there are restrictions on having more than 200 members.
Document Checklist & Registration
Document Checklist
  • Copy of PAN Card of partners
  • Passport size photograph of partners
  • Copy of Aadhar Card/ Voter identity card/ Driver’s license as address proof
  • Electricity/ Water bill/ Telephone bill/ Latest bank statement as proof of Registered Office (Business Place)
  • Copy of Sale Deed/Index Copy/Property Deed (If owned property)
  • Landlord NOC (Format will be provided)
  • Passport (in case of Foreign Nationals/ NRIs)
  • Digital Signature Certificate (DSC)
  • Copy of Notarised Rental Agreement
  • Email ID for the LLP, Mobile and Mail id of Partners.
  • Copy of NOC from the property owner
Limited Liabilty Partnership
Standard
  • 5999/-
  • 2 Digital Signature Certificates
  • 2 Director Identification Numbers
  • 1 Name Approval Application
  • LLP Incorporation Certificate
  • LLP Agreement *
  • e-PAN
  • e-TAN
Buy
Note: * Stamp Duty for LLP Agreement of the state is not included in this Plan
regular
  • 7999/-
  • 2 Digital Signature Certificates
  • 2 Director Identification Numbers
  • 1 Name Approval Application
  • LLP Incorporation Certificate
  • LLP Agreement *
  • e-PAN
  • e-TAN
  • SSI/MSME Registration
  • GST Registration
Buy
Note: * Stamp Duty for LLP Agreement of the state is not included in this Plan
advance
  • 20699/-
  • 2 Digital Signature Certificates
  • 2 Director Identification Numbers
  • 1 Name Approval Application
  • LLP Incorporation Certificate
  • LLP Agreement *
  • e-PAN
  • e-TAN
  • SSI/MSME Registration
  • GST Registration
  • Trademark (1 application 1 class) (start ups, proprietorship & small business)
  • LLP Form 8 (Statement of account and solvency)
  • LLP Form 11 (Annual Return)
Buy
Note: * Stamp Duty for LLP Agreement of the state is not included in this Plan
Process to Incorporate Sole Proprietorship Firm
Process to Incorporate LLP

LLP Compliance

LLP registered in India are required to maintain compliance under various Laws. Failure to maintain compliance can lead to penalty.

H & G Ebiz can help you with accounting and maintaining of statutory compliances for the LLP at a very affordable price point.

Some of the important compliances for LLP registered in India are given below. Please note that additional forms will also be applicable as per government notification.

Other than these mandatory compliances, there are others that need to be done depending on the LLP’s timeline. H & G Ebiz also assists in changing registered office, change in Partners , Change in LLP Agreement and others.

LLP Audit

Statutory audit is required for Limited Liability Partnership When Partners capital Contribution is Equal to or more than Rs. 25 lac or turnover exceeding Rs. 40 lac.


GST Registration & Return

Once a Limited Liability Partnership gets registered under GST It becomes necessary to file GST returns for LLPs. As filing of GST returns is mandatory for all the registered Taxpayers including LLPs. GST returns can be filed monthly, quarterly or yearly depending upon the types of GST returns form you are filing.

Accounting

Every LLP shall maintain and keep the accounting records which sufficient to show and explain the transaction of an LLP and which discloses with reasonable accuracy the financial position of the LLP. The books of account are required to be kept and maintained at the registered office of the LLP for the period of 8 years.

Income Tax Audit & MAT Audit

Every LLP requires to get the tax audits under section 44AB done. The tax audit limit under section 44AB is INR 1 Crores. It is mandatory for the LLPs to get their accounts audited under MAT. A report in form 29b is to be issued by a Practicing Chartered Accountant which certifies that MAT has been computed according to Income Tax Act, 1961.

ROC Annual Filing

LLPs are required to file ROC Form 8 before 30th October every year. Form 8 contains details of the Statement of Accounts and solvency. Also, LLPs are required to file ROC Form 11 before 30th May every year. Form 11 contains details of all the Designated Partners like whether there are any changes in the management of the LLP.

Import Export Code Registration

All the LLP which are engaged in Import and Export of goods require to register the Import Export Code. IE code has lifetime validity. Importers are not allowed to proceed without this code and exporters can’t take benefit of exports from DGFT, customs, Export Promotion Council, if they don’t have this code.

Trademark Registration

For a LLPs, Trademarks are necessary not mandatory though. The protection of the LLP’s name is limited to the extent that another LLP will not be registered with the same or a closely-resembling name. If you hold a unique brand name it is always advised to get a trademark registered as it is necessary to get protection under different classes of Trademark.

TDS Filing

Quarterly TDS returns must be filed by one person companies that have TAN and are required to deduct tax at source as per TDS rules.

 
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