LLP Registration
What is Limited Liability Partnership (LLP)?
LLP are rapidly emerging as an alternative to companies and partnership firms which have traditionally been used as forms of business entities.
LLP is a hybrid form of business entity which combines the merits of a company and a partnership.
It provides the benefits of limited liability, greater tax efficiency and allows its members the flexibility of organising their internal structure as a partnership based on a mutually arrived at agreement.
LLP offer tax advantages, can accommodate unlimited number of partners and are credible of being registered with the Ministry of Corporate Affairs (MCA).
At the same time they have fewer compliances than private limited companies and are also significantly cheaper to start and maintain.
It is very important to register your business as LLP as LLP have various advantages from financial and legal compliance point of view.
LLP Registration can be effectively completed by DhanTax (Business Consultant) in Delhi NCR,Kolkata, Mumbai, Bengaluru, Chennai & Bikaner,Tripura and other Indian cities.
If you want to register your LLP then you can consult with DhanTax.
DhanTax expert team will help you with LLP formation procedure and Annual Compliance of LLP.
What is included In Our LLP Registration Package?
- DPIN for 2 Partners
- LLP Agreement
- Master File of all docs filed for Incorporation
- Name search & Approval
- Digital Signature For 2 Partners
- LLP Pan Card
- Certificate of Incorporation
- LLP TAN Card
- GST Certificate
- Domain Name
- MSME Certificate
- Bank Account Opening Document Support
.
Procedure For LLP Registration
Complete our Simple LLP Registration Form
You need to fill our simple LLP registration form and submit documents for formation of a LLP.
Obtain DSC and DPIN from us
After submitting your documents we will provide you with DSC and DPIN.
Verification and Name Approval
Details provided by you will be verified and then we shall apply for name approval.
Document Submission
We will create all the required documents and file them with ROC on your behalf.
Your work is completed
Once your company is incorporated, we shall send you all the documents and DSCs.
Documents Required For LLP Registration
- Scanned Copy of PAN Card of Partners
- Scanned copy of Passport size photograph of Partners
- Scanned Copy of Aadhaar Card of Partners
- Copy of Rent agreement (If rented property)
- Electricity/ Water bill (Business Place)
- Copy of Property papers(If owned property)
- Landlord NOC (Format will be provided)
Advantages of Registration of LLP
Advantages of LLP
Separate Legal Entity
A LLP is a legal entity registered under the Act.The partners are distinct from the entity and both can sue each other.
Limited Liability Protects Partners personal assets
In an LLP, only investment to start a business is lost, personal assets of the Partners are safe. The personal assets of the partners are safe if the company goes bankrupt.So it’s entirely a win –win situation for you if you plan to step to head forward with a suffix LLP.
No Audit Requirement & Minimal Compliances
LLP is easy to do all compliances and statutory audit is not required for Limited Liability Partnership.LLP is most ideal for small-Medium enterprises for starting their operations and want to have minimal regulatory compliance related formalities.. Tax Audit is also not required for LLPs with capital less than Rs. 25 lac and turnover not exceeding Rs. 40 lac.
5 Steps Involved in LLP Registration
1. Application of DSC & DPIN :
First of all, the partners have to apply for Digital signature and DPIN. Digital signature is an online signature used for filing and DPIN refer to partners PIN number issued by MCA. If the partners already have DSC and DPIN, then this step can be skipped.
2. Name approval :
You need to provide 3 different options for your company name to MCA of which one will be selected. Names provided should ideally be unique and suggestive of company business.
3. LLP Agreement submission :
Once name is approved, one needs to draft LLP Agreement. LLP Agreement are filed with the MCA with the subscription statement and
4. Get incorporation certificate :
It typically takes 15- 25 days to form a Private limited company and get the incorporation certificate. Incorporation certification is a proof that company has been created.
5. Apply for PAN, TAN and Bank account :
Then you need to apply for PAN and TAN. PAN and TAN are received in 7 working days. Post this, you can submit the Incorporation certificate, LLP Agreement and PAN with a bank to open your bank account.
Minimum Requirements For LLP Registration
Minimum 2 Partners
DIN (Director Identification Number) for all the Designated Partners
If a body corporate is a Partner, it has to nominate a natural person as its Nominee
DSC (Digital Signature Certificate) for all the Designated Partners
There is no concept of share capital, but each Partner has to contribute towards capital of LLP
Address proof for office of LLP
Frequently Asked Questions
ROC is a Administrative Government office who will give registration of your company . In India, Every State has 1 ROC office except Maharashtra and Tamilnadu where there are 2 ROC offices.
No. DhanTax provides complete online LLP Incorporation process. All legal documentation and visits are done by DhanTax effectively.
LLP Agreement is bye laws or rules based on which important matters like main business of the LLP, capital or meetings is decided.
This is a standard legal document prepared by Company Secretaries during registration of LLP.
Designated Partner Identification Number (DPIN) is a unique identification number required for a person to become a partner of LLP .
Designated Partner Identification Number (DPIN) is issued by ROC office (Ministry of Corporate Affairs)
It is similar to a PAN Card number.
Designated Partner Identification Number (DPIN) is to be mentioned in documents while appointing a person as partner of LLP.
A digital signature is electronic signature, which is in the form of codes. It is used for signing the electronic forms, filed with ROC for registration of LLP. Digital Signature cannot be used in physical documents.
No.
Once the LLP is formed, it will be valid till it is officially dissolved/surrendered. No renewal or fees is required.
However, every year LLP have to do Annual Compliances related with ROC.
DhanTax can incorporate LLP within 20-30 days.
The time took also depends on relevant documents provided by the applicant and speed of approvals from government.
To ensure speedy registration, please pick a unique name for the proposed Company and make sure you have all the required documents prior to starting the registration process.
You need to start the LLP with current account with a minimum deposit of Rs. 10,000 as Capital.
You can also show this capital has been infused in form of assets such as computers etc.
No, There is no requirement of a proper office.
You can even register your LLP at your residential address.
It is perfectly legal to start the LLP at your house.
There is absolutely no hidden charges. DhanTax Package charges are inclusive of every charges.
DhanTax will send you an Bill with mentioning word “no hidden charges”.
DhanTax team will provide professional service efficiently for your business growth.
DhanTax will send you an Bill with mentioning word “no hidden charges”.
DhanTax team will provide professional service efficiently for your business growth.
Why Choose DhanTax
16+ Offices in India
Fast & Best Quality of Services
Reasonable Cost
6+ Years Experience
Testimonials
Previously, I have used multiple offline & online CAs/ Lawyers. but DhanTax clearly provided me the best service with reasonable price and fast. Annual Company compliance service provided to my company is awesome.
Prince Kumar
ELECTROWAIN TECHNOLOGIES PRIVATE LIMITED- CEO and Managing Director
They picked up and organised us, to the level that astounded me. Today we are experiencing a 24% growth and world wide coverage. We don’t have stress regarding company legal & Taxation compliance. DhanTax is providing us best services.
Vivekananda Kushwaha
GROWSTAIR TECHNOLOGY PRIVATE LIMITED- Company CEO
I will highly recommend DhanTax for newly startups given its quality support & best Services.
Mukul Chaturvedi
Ircon International Limited – Finance Manager
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