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Registration of Limited Liability Partnership Firms

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Do NOT pick the same or similar name as an already registered company.
Do NOT add Pvt. Ltd. while stating the name of your company. We’ll do that for you!
Avoid using inappropriate names. There is no restrain on your creativity as long as it conveys what your company does.
Avoid using abbreviations.

You are just one step away from the right answer to your tax questions!

Worried about income tax? We can help!

About This Plan

LLP or Limited Liability Partnership firms are governed by Limited Liability Partnership Act 2008. Liability of partners in the LLPs are limited to the partner’s capital contribution. In a Limited Liability Partnership firm partners can decide how they will individually contribute to the business operations. Now, the LLPs can get access to foreign equity funds under the automatic route, for this they do not require RBI approval. If you want to form a LLP this plan is all you need.

Prices may differ according to your capital during incorporation. The applicable price shall be informed to you by our tax expert during consultancy.

Services covered under this plan
  • Digital Signature Certificate
  • Director’s Identification Number
  • LLP Agreement will be provided
  • Certificate of Incorporation
  • Name approval
  • Online document collection
  • PAN Application
  • TAN Registration
  • Filing of e-form with the Registar of Companies(ROC)
  • Designated Partner Identification Number-DPINs (2 nos.)
  • Include Government Fees and Stamp Duty depending upon capital of business and contribution by designated Partners
Who can buy this plan?
  • This plan is applicable to those who want to run their business in large scale and in legal manner.
  • Companies,body corporates or already existing partnership.
  • Minimum two directors and two shareholders.
  • LLPs registered outside india.

How the Plan works?

  • Incorporation of the certificates
  • Digital Signatures and Director’s Identification Number
  • Name Approval by RUN
  • Application for Incorporation
  • Generation of PAN and TAN
  • LLP Agreement

Documents Required

  • PAN of all the partners
  • Address Proof of all the partners
  • Passport Size photos of all the partners
  • Stamp paper for LLP Agreement of State where LLP is to be Incorporated
  • If the office space is rented, then the rent agreement of the registered office is required
  • If the office space is rented, then the no objection certificate from the owner is required

FAQs

FAQ
What is the difference between a Partnership Firm and LLP?

In a typical Partnership Firm, every partner is liable for the operations carried out in the firm. Under LLPs, liability of the partner is limited to his agreed contribution. Further, no partner is liable on the account of independent or un-authorized acts of other partners.

FAQ
What is the Capital required to start an OPC?

One Person Company can be started with a minimum authorised capital of Rs. 1 lakh. There is no mandatory requirement for minimum capital with which an OPC should be started. Hence, you can start as an OPC with a capital contribution as low as Rs.10.

FAQ
Who can incorporate LLP?

Any two persons who consent to become partners can incorporate Limited Liability Partnership Firm.

FAQ
Does the Income Tax Act treat partnership firms and LLPs differently?

Both general partnerships and LLPs are taxed at flat rate of 30%.

All the other income tax act provisions apply similarly except that general partnership firms are covered under presumptive taxation scheme i.e if turnover is below Rs. 2 crore in business or Rs. 50 lakh in case of profession, there is no need to maintain books of accounts or get accounts audited whereas, LLPs are explicitly not covered.

FAQ
What are the advantages of registering as an LLP over general partnership firms?

Liability- In a general partnership firm, partners are personally liable for debts of the business which means that even their personal property may be used to settle the firm’s debts. Whereas, the liability of partners is limited in case of an LLP.

Immunity against wrong doings of other partners- Under LLP structure, partners are not responsible for negligence or misconduct of other partners whereas in general partnership firms, partners can be held responsible.

FAQ
What is the audit requirement for LLP?

Accounts of an LLP are required to be audited when the turnover is Rs. 40 lakh or more or when the total capital contribution is Rs. 25 lakh or more.

The auditor of an LLP is appointed annually by the designated partners.

The first auditor is appointed before the end of the financial year. Subsequent appointment or reappointment of the auditors is made one month before the closing of the financial year by the designated partners.

FAQ

There have been incidents where people get COD / VPP couriers after incorporation of their company / LLP.

After the incorporation of a company, its data is freely available on MCA website and is used by many fraudsters to make money.

They take printouts of the available data from MCA websites and send the same to registered address of company via VPP / COD and ask you to pay some money to receive the courier.

Please do not accept these courier!

All your company registration documents shall be provided to you by All India ITR without any extra cost.

Reviews


Average Rating
4.5
Akshay Kumar
4.5

Best app,they call you immediately,true professionals, highly appreciated.

Kshitij Oberio
4.5

Nice and easy return filled. advisors are very helpful and provide full solutions to your query.

For enquiries, call us on

:1800 419 9661