LLP Registration With GST

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The package of Rs 2,499 + Govt. fees 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.

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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