Register your Limited Liablity Partnership (LLP)
Get LLP Registration To Protect Your Business.
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A limited Liability Partnership, also known as LLP, functions as an independent entity with room for flexibility as far as the changing partners are concerned. This means that even with business partners changing, their rights, liabilities, and interests remain unaffected. This is one of the main reasons why people choose LLPs when pondering over their company registration in India. If you’re wondering how to register a company as an LLP, then note that you require at least two partners to do so. While there is no upper cap on the number of partners that can be at the tie of the company registration, it is important to keep it mind that at least one partner has to be a resident of India.
When it comes to the registration of company for a small business, an LLP is often considered the best route. This is mainly because it not only offers limited liability but is also easy to maintain and cost-effective. One of the biggest reasons why LLPs are so popular when it comes to company registration in India is because partners do not have to be jointly responsible that may arise due to the other partner.
Additionally, LLPs offer a range of benefits such as no minimum capital required, easy company incorporation, tax benefits, and so on. Do keep in mind that LLP companies cannot raise capital from the public, due to the fact that this partnership does not allow for the distribution of equity.
Company registration can often be a costly affair; however , this is not a case when it comes to LLPs. Compliances are also at a much higher rate.
The owner and company are considered as two separate legal entities.
Company incorporation as an LLP means that is a separate legal entity from the owner, meeting the company can exist even without the owner.
In the case of proprietorship firm, the owner’s personal assets are in danger if the company is at financial losses, however, this is not in the case when you pursue a company registration in India as an LLP.
At Our Startup India, we offer a range of packages to suit your needs. Start by selecting the appropriate one, fill out the required forms, or simply speak to our experts online for assistance.
LLP registration begins with obtaining digital signatures for the partners of the LLP. On submission of the digital signature application, the applicant would have to complete OTP verification and a video KYC check.
Our Startup India will help you identify three or four unique names and we also file a request with the MCA forreserving the name of the LLP you had selected.
Company incorporation documents can then be submitted to the Ministry of Corporate Affairs (MCA).We begin the process of helping you obtain PAN for the LLP. We also draft the LLP Partnership Deed. All the partners of the LLP must sign the LLP Partnership Deed on stamp paper and uploaded it on the MCA portal within 30 days of incorporation to complete the LLP registration process.
Save upto-10% cost on this package
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Save upto-20% cost on this package
(inclusive All)
Save upto-30% cost on this package
(inclusive All)