What is a Limited Liability Partnership (LLP)?
A Limited Liability Partnership (LLP) is a modern business structure that combines the benefits of a traditional partnership with the advantages of limited liability. LLPs are ideal for small and medium-sized businesses, professional firms, and startups that require flexibility in management while protecting partners’ personal assets. This structure allows partners to manage the business directly but limits their liability to the extent of their investment.
Register Your Company Today
Key Features of an LLP
We offer a wide range of services to meet the health needs of our patients and help them live healthy lives. We offer a variety.
Each partner’s liability is limited to the amount they invest, protecting personal assets from business debts or liabilities.
An LLP is treated as a distinct legal entity, capable of owning assets, entering contracts, and suing or being sued in its own name.
Unlike other business entities, LLPs do not have any minimum capital requirements, making it more flexible for small businesses.
Partners can decide the management structure and distribution of profits as per their agreement, offering greater operational flexibility.
LLPs enjoy tax benefits and are subject to a lower compliance burden compared to private limited companies.
Benefits of Registering a Limited Liability Partnership
- Limited Liability Protection: Partners’ personal assets remain protected, and their liability is restricted to the extent of their agreed contribution.
- Less Compliance: LLPs face fewer regulatory requirements and compliance obligations than Private Limited Companies.
- Flexible Structure: The partners have the flexibility to manage the LLP without restrictions on ownership and profit-sharing.
- Separate Legal Identity: The LLP exists as a separate legal entity from its partners, allowing it to enter into contracts and own property.
- Ideal for Professionals: LLP is a preferred structure for professional services such as law firms, accounting practices, consulting agencies, and more.
Our LLP Registration Services
At Legal India Tax, we ensure a seamless and stress-free LLP registration process. Our team of experts handles all the legal formalities and documentation, allowing you to focus on running your business.
Our services include:
- Name Reservation: We help you choose and reserve a unique name for your LLP, ensuring compliance with the Registrar of Companies (ROC).
- Digital Signature Certificate (DSC): Required for online filing, we assist in obtaining DSCs for designated partners.
- Director Identification Number (DIN): We apply for DINs for all designated partners, which is mandatory for registration.
- Drafting of LLP Agreement: We draft a customized LLP Agreement that outlines the rights, duties, and profit-sharing between partners.
- Filing of Incorporation Documents: We handle the filing of the required documents with the ROC, ensuring the registration process is smooth and efficient.
- Certificate of Incorporation: Upon approval, we deliver the Certificate of Incorporation, officially establishing your LLP.
- PAN & TAN Application: We also assist with applying for the LLP’s PAN and TAN, which are essential for tax filing and compliance.
Documents Required for LLP Registration
To register your LLP, you will need the following documents:
- For Partners:
- PAN Card (mandatory for Indian citizens)
- Aadhar Card (or other government-issued ID proof)
- Address proof (electricity bill, bank statement, etc.)
- Passport-size photograph
- For Registered Office:
- Proof of address (rent agreement or utility bill)
- NOC from the property owner (if the office is rented)
- For Partners:
Our Simple Registration Process
We simplify LLP registration with a straightforward process:
- Consultation: Our experts discuss your business needs to help you understand whether LLP is the right structure for your business.
- Documentation: We assist you in gathering the necessary documents for submission.
- Filing: We handle all the paperwork and online filings with the ROC, ensuring everything is submitted correctly and on time.
- Incorporation Certificate: Once the ROC approves your LLP, we deliver the Certificate of Incorporation, confirming your business’s legal formation.
Why Choose Legal India Tax?
Reasons to choose Legal India Tax
Our experienced team handles every aspect of the registration process, providing comprehensive support.
We offer transparent pricing, with no hidden fees or extra charges.
We ensure a smooth registration process, allowing you to focus on your business while we handle the legalities.
Even after your LLP is registered, we provide continued support with compliance and tax filing needs.
Who Should Choose LLP?
- Professional Firms: Law firms, accounting firms, architects, and other professionals seeking a business structure that allows shared management.
- Small Businesses and Startups: Entrepreneurs looking for a flexible structure with limited liability protection but fewer compliance requirements.
- Growing Partnerships: Existing partnerships looking to formalize their business structure with limited liability and separate legal status.
Get Started with Your LLP Registration Today!
Ready to take the next step in formalizing your business? Register your LLP with Legal India Tax and enjoy a hassle-free experience from start to finish. Our experts are here to help you every step of the way.