LIMITED LIABILITY PARTNERSHIP (LLP)


A limited liability partnership (LLP) is a partnership in which partners have limited liabilities registered under Registrar of Companies. Minimum 2 partners and maximum no limit can form this entity. A limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities. It therefore can exhibit elements of partnerships and corporations. In an LLP, each partner is not responsible or liable for another partner's misconduct or negligence
In an LLP, each partner is not responsible or liable for another partner's misconduct or negligence as compared to other partnership they can be held liable for the acts of other partners as well.
  • BENEFITS
  •    Legal Status, low cost of formation and easy to form.
  •    Risk, Losses, Debts are limited to the company assets.
  •    Lesser Restrictions and Compliance than a private company
  •    No requirement of minimum capital contribution and no limit on the maximum numbers of partners.
  • DRAWBACKS
  •    Cannot raise money from the public and raise IPO.
  •    Penalties are higher for non-compliance than Private Limited Company.
  •    Higher incorporation cost as compare to unregistered partnership firm.
  •    Audit after Rs.40 Lacs turnover and contributin of capital of Rs.25Lacs.

RECOMMENDATION


The LLP formation is popular when a ‘professional partnership’ would like the benefit of limited liability. This is particularly suited to accountants, solicitors, architects, consultants, surveyors and other fields of expertise where a partnership is preferred to a limited company.

For additional opinion please contact our advisor at zero fee.

DOCUMENTATION FOR REGISTRATION


  •  Copy of PAN Card of all Partners’.
  •  Copy of Aadhar / Voter ID / Passport / Driving License / etc of of all Partners.
  •  One passport size photo of of all Partners.
  •  Copy of Electricity Bill for registered address of Business.
  •  Additional Details – Suggested LLP Name’s, Nature of Business, Shares Ration, etc.

TIME LIMIT FOR REGISTRATION


Generally it takes 10-15 Days for registration. Name will be granted in 2-5 Days and rest for registration of LLP

PACKAGES


SILVER

All inclusive price


  •   LLP Certificate
  •   PAN/TAN Card
  •   Legal Deed
  •   Rent Agreement
  •   2 Digital Signature
  •   2 Director Number
  •   Consultancy

₹ 6,999
₹ 12,999/-

GOLD

All inclusive price


  •   LLP Certificate
  •   PAN/TAN Card
  •   Legal Deed
  •   Rent Agreement
  •   2 Digital Signature
  •   2 Director Number
  •   Consultancy
  •   GST Registration

₹ 8,999
₹ 16,500/-

DIAMOND

All inclusive price


  •   LLP Certificate
  •   PAN/TAN Card
  •   Legal Deed
  •   Rent Agreement
  •   2 Digital Signature
  •   2 Director Number
  •   Consultancy
  •   GST Registration
  •   GST Filing 1 Year

₹ 14,999
₹ 21,500/-
No worry! We can customize your package as per your preference. Call or mail us for more details.
“Service is our Motto, Being Always Happy”