LLP Registration With GST

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The package of Rs Rs 2,499 + Cost 2 DSC, 2 DIN, LLP Name Reservation, LLP Agreement, ROC Filing Fees, Incorporation Certificate, Follow-up with the registrar of companies, PAN, TAN & Bank Account Opening Support.

Limited Liablity Partnership (LLP) Registration

A limited liability partnership popularly known as LLP is a hybrid form of both the Company and Partnership where all of the partners have limited personal liability. LLP has a separate legal entity. Therefore, LLP is capable of sue, be sued and own property in its own name. It has perpetual succession.  In an LLP, no partner would be liable on account for another partner’s misconduct or negligence. LLP has a separate legal entity from its partners.

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Reasons to Register a Limited Liability Partnership (LLP)

Separate legal entity

An LLP is a form of separate legal entity established under the Act which gives the advantage of limited liability. It has its existence separate from its partners. Moreover, one partner is not responsible for another partner’s misconduct. Corporate entity status enables LLP more attractive than a proprietorship/partnership firm.

Fewer compliance

The number of compliances in the LLP is lesser as compared to a private or public company which resulting in savings. For example: Account Audited annually is required only where the annual turnover/contribution exceeds Rs 40 Lacs/Rs 25 Lacs.

No limit of partners

One of the best things of the limited liability partnership is that there is no limit on the maximum number of partners. In the LLP, any number of the partners can be involved. Minimum of two partners will be required for incorporating the LLP.

Limited Liability

The liability of the patners of a LLP in respect of the LLP’s debts is limited. The liability of the patners is limited only to the extent of the capital contribution owned by them. The LLP is liable for repayment of debts and lawsuits incurred by the LLP not the patners.

Documents Required For LLP Registration

    1. For Designated partner
  • Two photographs of Each partner
  • Pan Card of Each partner
  • Identity Proof of Each partner
  • Address Proof of Each partner

2. For Registered Office Of the LLP

  • Premises Proof
  • NOC From Owner
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Frequently Asked Questions LLP Registration

Limited Liability defines that the partners of the LLP are not personally liable for business debts. LLP has separate legal entity from its partners and the partners is only liable for outstanding capital contribution.
One of the main difference between LLP and General Partnership is about the liability of Partners. In LLP, the partner’s liability is limited to the amount invested in the LLP. While in the case of General Partnership , the partners personally liable for the unlimited amount of liabilities.
limited liability partnership agreement is a written contract which defines relationship between the partners of an LLP or between the LLP and its partners.
The term “Partner” is used in case of General Partnerships while Designated Partner is a term used for Limited Liability Partnerships. Designated partners are like to Directors of a private or public limited company.The rights and obligations of the Designated partners are decided according to LLP agreement. Every designated partner of a LLP is an agent of the LLP and not of the other Designated partners
As per the Act, there is no limit for the maximum numbers of designated partners but minimum of two designated partners will be required. At least one designated partner needs to be resident in India.

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Just wanted to say thanks for giving the great service. I know we’re not the big organisation in the city, but we truly value every rupee we spend for your service & hope we will come back to you for more services. Thanks again for supporting us

Mr. Manish Gupta

We have been using your services for over five years now. I’m pretty much impressed with the service. We started with private limited company registration. All the process went smoothly and within the time frame.  I also appreciate that all our queries were dealt in a very professional manner.  I will surely recommend IndiaStartuBiz. Thank you very much for the great service.

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