HERE'S HOW IT WORKS
1. Fill Form
Simply fill the above form to get started.
2. Call to discuss
Our expert will connect with you & complete legalities.
3. Get Documents
we will give you timely Reminders & Documentation
LLP REGISTRATION : STEP BY STEP GUIDE
Limited Liability Partnership (LLP) is one of the preferred form of business structure among entrepreneurs due to its compliance flexibility. Startupwala takes you through the process of registering an LLP, covering key steps, required documents, costs, benefits, and handling all your frequently asked questions. We’ll also discuss the differences between LLP and other forms of business entities like Pvt. Ltd., OPC, and traditional partnerships.
HOW TO REGISTER A LLP IN INDIA?
Prior to initiating the LLP registration procedure it is crucial to comprehend the benefits that an LLP offers to its partners. An LLP merges the features of a partnership and a company granting its partners the benefits of limited liability along with the flexibility of a partnership structure.
STEPS FOR ONLINE LLP REGISTRATION
Let’s check the complete online LLP Registration process & steps. Registering a Limited Liability Partnership in India involves a different legal process that can be broken down into the following steps:
- Fill and Submit: the above .
- Watch a detailed Video on LLP formation
- Submit a one page LLP registration questionnaire
- Startupwala expert will clear your queries
- Arrange for Partner Id and address proofs
- Sign incorporation documents
- Drafting main object and Name application
- Filing of Incorporation forms with MCA
- Getting the Incorporation Certificate
- Filing of LLP Agreement
BENEFITS OF LLP INCORPORATION
Registering a LLP offers many advantages:
Limited Liability Protection to Partner's personal assets
Many times startups need to borrow money and take things on credit. In case of normal Partnerships, Partners personal savings and property would be at risk incase business is not able to repay its loans. In an LLP, only investment to start a business is lost, personal assets of the Partners are safe.
Better image and credibility in Market
Limited Liability Partnership (LLP) is a popular and well known business structure in the world. Corporate Customers, Vendors and Govt. Agencies prefer to deal with LLP instead of proprietorship or normal partnerships.
Continuity of Business
LLP continues to exist beyond the existence of its Partners. This is not possible in traditional partnership firms.
No Audit Requirement & Minimal Compliances
LLP is easy to manage and statutory audit is not required for Limited Liability Partnership. LLP is most ideal for small enterprises. Tax Audit is also not required for LLPs with capital less than Rs. 25 lac and turnover not exceeding Rs. 40 lac.
WHY ITAXFILINGS
1,20,000+ STARTUPS TRUST US
Mr. Bapon Ghosh
Founder, Bethuadahari, Nadia, W.B
"
There was a little bit of anxiety and doubt when I contacted them as I was from one side of the country and they were from other side and I was new to online filing and legal process. But the service I got from them was marvelous. These guys are so professional, that I never felt to be new to them. The execution of legal and processing was first class. They finished the assignment before committed time and pricing is absolutely affordable and value for money.
LET'S CLEAR ALL THE DOUBTS!
LLP is a corporate entity and is operated by legal rules and procedures as given in the LLP Act 2008. ROC is a Government office under the Ministry of Corporate affairs to look after the compliances of LLPs under its jurisdiction. Every LLP irrespective of its size has to file Annual returns giving details about its management and financial performance. Any delay in filing of returns attract penalty as given in the table below.
Here it goes
- Many LLPs are unable to keep up with the filing due dates and end up paying heavy penalties.
We believe in strong follow-up and reminder system to ensure that your filings are done on time. - Every Entrepreneur has to focus on the business and leave the legalities to able and trusted hands.Thousands of LLP have trusted Startupwala for their ROC compliances.
- There are lot of cost savings under AMC. Explained in the quote. and get the quote in a minute.
and get the detailed Saving sheet in a minute.
- Filing of Annual returns via Form 11 & Form 8
- ROC Filing for Event based compliances as given below
- Change in the Registered Office
- Appointment of Partners
- Changes in Designation of Partners
- Increase in Capital Contribution of LLP
- Change in Name and Main objects of the LLP
- Loan & Charge Management
- Changes in DIN
There are many privileges for LLP in comparison to a Private Limited company, in terms of exemptions from maintenance of Minutes book, Statutory registers, Annual general meeting and flexible tax rates.
Board meeting is generally associated with a Board of Directors meeting. There are no directors involved in an LLP, instead designated Partners run the business and are held responsible for compliances. Hence, Board of Partners meeting is suggested in case of an LLP firm.
No, AGM is not required for an LLP. AGM is a once in a year meeting for Shareholders of the Company. As there is no concept of shareholding in an LLP, no AGM is to be held.