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LLP Registration
@5499/-
Get your Online New LLP Registration in fastest time with Vakilgiri Legals. Take your 1st step towards entrepreneurship with the most popular Legal Structure in India.
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Limited Liability Partnership
Online LLP Registration in India at just Rs. 5499/- + Stamp Duty
For a long time, there has been a demand for a business structure that combines the flexibility of a Partnership firm with the benefits of Limited Liability of a Private Limited Company while maintaining a low compliance cost. Limited Liability Partnership Firms were created as a means of replacing the limitations of partnership firms and the rigidity of companies. This business structure would be beneficial to small and medium businesses in general, as well as businesses in the service sector in particular.
In India, the LLP Company Registration concept was first introduced in the year 2008 and is governed by the Limited Liability Partnership Act of 2008. Recently, the Limited Liability Partnership Firm registration online have become a popular choice among entrepreneurs because it provides advantages of both a partnership firm and a company into a single entity.
The primary requirement for LLP company registration online is a minimum of 2 partners (one of the partner must reside in India). However, there is no upper limit on the maximum number of partners that can be added in a LLP firm registration. The LLP agreement governs the rights and responsibilities of designated partners. They are directly responsible for ensuring that all provisions of the LLP Act, 2008 and the LLP agreement are followed. A Limited Liability Partnership firm (LLP) is a corporate business vehicle that provides its members with the benefits of a company’s limited liability while also allowing them to manage their internal operations & management i.e., similar to a partnership firm.
In terms of liability under a Limited Liability Partnership, only the company is liable for all the losses or debts incurred during the course of business.
Vakilgiri a leading Business Consultant, offering quick Online LLP Registration Service in India with five simple steps:
1) Preparation of Digital Signature Certificate (DSC) and Director Identification Number (DIN).
2) Choosing Unique Name for your LLP.
3) Preparing LLP registration documents.
4) Filing e-forms with MCA.
5) Allotment of LLPIN, PAN & TAN.
Once, the approval is granted from the MCA Department, your New LLP Registration Process is complete and you can now Open a CURRENT ACCOUNT for your company in your favourite bank and start the business operations.
Features of LLP
CHARACTERISTICS OF LLP COMPANY!!
Separate Legal Entity
According to Section 3 of the Limited Liability Partnership Act, 2008, an LLP is a body incorporated and a legal entity separate from its partners with perpetual succession.
Easy to change partners
After LLP registration online, if you wish to change the present management structure, it can be easily done.. Cost of addition or removal of partners is very nominal and hardly take a day to give effect.
No Audit of Books of Accounts
Limited Liability Partnership registration must keep annual accounts, with audits required only if the contribution exceeds Rs 25 lakh or the annual turnover exceeds Rs 40 lakhs. Every LLP must file an annual statement of accounts and solvency with the Registrar of Companies (ROC).
Limited Liability
Partners' liability is limited to the amount of money they put into the business. A partner is responsible for his own wrongdoings. An individual is not liable for the negligence or misconduct of the other partner.
Quick Business Transfer
Transferring the ownership of LLP is quite simple. All you have to do is to appoint new designated partners and remove the old ones. That's it!
Lower Annual Compliance fees
Annual Compliance fees are extremely lower than that of Private Limited Companies as Audit of Books of Accounts are not required upto prescribed limit.
Attracts more Customers
New Customers often attracts to registered. stable and fast growing businesses. Thus, LLP's comes into this picture. Customers rely more on this type of business structures.
Perpetual Existence
LLP has Perpetual Succession, i.e. uninterrupted existence until it is legally dissolved. LLP is unaffected by the death or other departure of any partner but continues to be in existence.
Brand Building
Branding is crucial aspect of LLP because it is the visual voice of the company and it is easy for LLP's to emerge as a brand. Also, customers, banks, etc are attracted towards a brand, giving LLP registration an advantage.
GOVERNANCE OF LAW
ONLINE LLP REGISTRATION
- By Limited Liabilities Partnership Act, 2008
- By Limited Liabilities Partnership Rules 2008
- By Registrar of Companies
- By the LLP agreement
FORMS RELATED TO LLP
LLP REGISTRATION DOCUMENTS
The cost of LLP Registration depends on the forms that needs to be filed during the registration process of LLP registration.
– To register and reserve a name for the LLP, fill out Form 1/ RUN-LLP. The proposed name for the new LLP registration online or to change the name of a currently working LLP can be done via filing this form.
– To incorporate an LLP firm, a Designated Partner Identification Number abbreviated as DPIN is required for which FORM- 7 needs to be filed. It is available for download on the MCA website. The LLP registration cost for the FORM- 7, a registration fee of Rs.100 must be paid.
– If the partners haven’t already done so, they must submit a request for their DSC to be registered.
– For online LLP registration, one needs to fill out Form 2/FiLLiP. The Registrar of the State in question must acknowledge this form in order to proceed with the LLP registration process.
– The roles and responsibilities of each of the partner must be outlined in the LLP agreement. This necessitates the completion and submission of Form 3.
– The others must submit Form 4 when changing, altering, adding, or removing partners.
– The LLP’s IT returns must be filed using Form 11.
– Form 15 must be filed if the LLP’s office address is to be changed.
CHECKLIST FOR LLP REGISTRATION
LLP COMPANY REGISTRATION ONLINE
Here is the checklist that must be completed for a new LLP registration online.
- No. of Partners: Minimum 2
- All designated partners must have a DPIN.
- For all designated partners, DSC is required.
- A unique and meaningful name for online LLP registration.
- Profit/ Loss ratio must be according to the contribution in the LLP.
- Proof of Registered Office of LLP like Electricity Bill/ Utility Bill or Mobile Bill.
- LLP Deed is to be prepared in which all the terms and agreements is to be decided by the Partners.
TAX ADVANTAGES
NEW LLP REGISTRATION
An LLP provides the following tax advantages:
- The income of the partners in an LLP company is not taxable.
- Section 40B exempts dividend distributions from taxation.
- The remunerations provided to the partners, including bonuses, commissions, and interest, are deductible.
- In addition, by registering as an LLP, entrepreneurs can benefit from additional tax breaks.
BENEFITS OF LLP REGISTRATION
LLP REGISTRATION BENEFITS
The Limited Liability Partnership registration online has following benefits:
– The cost of LLP registration is quite less ranging from Rs. 500 to Rs. 5600.
– Because partners do not have unlimited liability, they are less exposed to risk. Among other business structures, LLP company registration online is a safer option as partners’ personal assets are not dissolved incase the company goes bankrupt.
– LLPs are easier to manage because the Board of Directors has more authority. In terms of company management, shareholders have little power, making them easier to govern.
– There are no restrictions on transferring or leaving an LLP, so joining and leaving is simple.
– They have an infinite life span, allowing for perpetual succession. The operation or working of an LLP firm is not dependent on the partners or the management structure. Therefore in case of any change in the management, the working of LLP is not compromised.
– LLPs benefit from a number of tax advantages. They are also exempt from mandatory audits unless their annual revenue exceeds 40 lakhs.
Check LLP Name Availability
Our systems will check availability of your Company Name
lLP Registration Procedure
More simple than it looks!
1. Preprations of Digital Signature (DSC)
1st we apply for DSCs and then DPIN (Designated Partner Identification Number) of all the Partners. Digital Signatures are required for signing all the documents while incorporating your LLP.
2. Choosing Unique Name for your LLP
Meanwhile applying for your DSCs, we help you in selecting Unique Name for your dream LLP. This process completes on same day.
3. Preparation of LLP Deed/ Agreement
Next, LLP Deed is to be prepared on Stamp Papers, which determines the mutual rights and duties between the LLP and the partners and amongst the partners.
4. Preparing Forms and Documents
After completing the above 3 steps, we now start preparing all the necessary e-forms and documents that are required for LLP registration process online. These forms and documents once prepared are sent to you for verification and are then filed on the portal.
5. Filing e-forms
with MCA
After completing all the formalities and documents, we upload e-forms prepared in step-4 on the MCA portal which takes approx 2 days for either approval or rejection. This is the last step towards your Limited Liability Partnership Registration online.
6. Allotment of LLPIN, COI, PAN & TAN
The department verifies the forms & documents & upon verification approves the incorporation. After obtaining approval from MCA, it will issue Certificate of Incorporation, then we will apply for PAN & TAN. CONGRATULATIONS!! Your registration of LLP company is now complete. You can now start the operations...
FAQ's
Few doubts important to be resolved quickly
No, Limited Liability Partnership Incorporation is a fully online process as all the documents and e-forms are to be filed electronically on MCA Portal.
The DSC is an instrument which looks like a pen drive but it is nothing like a pen drive. It enables you to sign the documents electronically. As all documents needed are electronic, directors need a DSC.
You can expect an annual expenditure of around Rs.15000 which involves 3 important aspects: Accounting & Auditing, Annual Compliance & Misc. Compliance expenditure.
Know more about Annual Compliances for LLP Firm.
LLP Deed is document containing agreement, rules and regulations between the partners and the LLP. LLP agreement mainly consists of Name of the LLP, Date of the agreement and parties of agreement, Partners’ contribution and method of contribution, LLP record keeping and bank arrangement, Method of appointment/ Disassociation of partners, etc.
For new LLP registration online, a minimum of 2 partners are required. However, there is no upper limit on the maximum number of partners that an LLP can have.
TALK TO ADVISOR
Please Fill This Form To CONSULT our Experts
or call/ whatsapp at
- No Spam, No Sharing, 100% confidentiality
Our Incredible Packages
NEW LLP REGISTRATION COST ONLINE
GOLD
- Registration within a week
- Capital upto 1 lakh*
- 2 DIN & 2 DSC
- Incorporation Certificate
- LLP Deed & PAN
- 200+ Document Formats
- Udyam Registration
- ISO Certification (1 Year)
- GST Registration*
- Professional Website
- 1 year Domain & Hosting
- Basic On-Page SEO
- Analytics & Web mails
- Trademark Registration
- ITR of LLP
- Annual Compliances
PLATINUM
- Registration within a week
- Capital upto 1 lakh*
- 2 DSC & 2 DIN
- Certificate Of Incorporation
- LLP Deed & PAN
- 200+ Document Formats
- Udyam Registration (MSME)
- ISO Certification (1 Year)
- GST Registration*
- Professional Website
- Website Support for 1 year
- 1 year Domain & Hosting
- Basic On-page SEO
- Google Analytics & Web mails
- Trademark Registration
- ITRs of LLP
- Annual Compliances
DIAMOND
- Registration within a week
- Capital upto 1 lakh*
- 2 DIN & 2 DSC
- Incorporation Certificate
- LLP Deed & PAN
- 200+ Document Formats
- Udyam Registration (MSME)
- ISO Certification (1 Year)
- GST Registration*
- Professional Website
- 1 Year Domain & Hosting
- Website Support for 1 year
- Google Analytics & Web mails
- Trademark Registration
- ITR of LLP
- Annual Compliances
- Depending upon the contribution/capital amount, the government fees may vary as per State Rules and will be charged extra.
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