Easily Register a LLP

Limited Liability Partnership entities, the worldwide recognized form of business organization has been introduced in India by way of Limited Liability Partnership Act, 2008. LLP is also registered on MCA portal like a Company. Afleo offers services for LLP Registration Online

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Limited Liability Partnership (LLP) Registration

Limited Liability Partnership entities, has been introduced in India by way of Limited Liability Partnership Act, 2008. In LLP, one of the most important benefits is that all partners are not responsible for the misconduct or negligence of another partner. In Limited Liability Partnership, the liabilities of the partners are limited up to their contribution to LLP; personal properties are not attached to settle creditors.

Limited Liability Partnership is not capable to issue shares and because of that total ownership is in the hand of partners. Limited Liability Partnership is managed as per the LLP Agreement, if the agreement is not made, then it would be governed as per the provision of Schedule 1 of Limited Liability Partnership Act, 2008.

In Limited Liability Partnership, the requirement of audit of accounts by Chartered Accountant is not mandatory. It is dependent upon the turnover/contribution of LLP. Only Limited Liability Partnership having turnover/contribution exceeding Rs 40 Lacs/Rs 25 Lacs respectively are required to get their accounts audited annually. Small businesses may get benefited from this provision, which will reduce additional compliance to be maintained.

Afleo will help you in all your requirements regarding the Formation of LLP and other formalities. Our Business advisors will give solutions to all your queries regarding LLP Incorporation and help you to take your decisions easily. Afleo.com started with the simple idea that doing business in India should be very easy. Our growing team of young hard working professionals is our biggest asset. Our team puts the consumer first, and work meticulously to ensure that documents are filled correctly and swiftly. Afleo offers LLP Registration Services and acts as an LLP Incorporation agent in Mumbai, Delhi, Chennai, Bengaluru and across India. Afleo is the market leader with 100+ LLP Registration per month and total figures crossing 10,000+

Inclusions

DPIN of Partners

DSC of Partners

LLP agreements

LLP PAN Card

LLP Certificates

LLP Registration Number (LLPIN)

Features of Limited Liability Partnership (LLP)

Easy to Form

Formation of Limited Liability Partnership is very easy process and less formalities as compared to incorporation of company. The process of formation is very simple and cost of incorporation is also minimum. Also it is easy to transfer ownership of LLP as compared to other entities.

Less Compliance

The main benefit in formation of Limited Liability Partnership LLP is less compliance as compared to Private limited Company. Therefore it is suitable for small businesses as it will lower their overall compliance cost.

Benefit in taxation

One of the main advantage of LLP is benefit in taxation, the tax rate is lower as compared to company. In company tax is charged on total profit whereas in LLP tax is charged on profit after distribution of profit to partners. As LLP does not have Share capital, hence there is no tax on dividend distribution.

Documents for Limited Liability Partnership (LLP)

Copy of PAN Card of Partners

Passport size photograph of Partners

Copy of Aadhar Card/ Voter identity card of Partners

Copy of Rent agreement (If rented property)

Electricity/ Water bill (Business Place)

Landlord NOC (Format will be provided)

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Process for Limited Liability Partnership LLP Registration

Obtaining DSC & DIN

In Incorporation of LLP the First Step is to acquire Digital Signature Certificate (DSC) and Designated Partner Identification Number (DPIN) for the proposed Partners of the LLP. DPIN and DSC can be obtained within 5 to 6 days.

Name Approval

Once DPIN and DSC is obtained then we can file form for name approval. In name approval we have to mention at least One name and maximum Six name. It will take 4-5 days for the confirmation of name. Once the name is confirmed, then it is valid for 90 days.

LLP Registration

After getting name approval we have to prepare some Documents and forms for ROC Filing. Then file the forms to ROC . This process will take approx 10-12 days for preparation and filing of form and get approval of incorporation from MCA.

How we help with Limited Liability Partnership Registration

Afleo.com can easily register a Limited Liability Partnership (LLP) within 10-12 working days

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Frequently Asked Questions

Yes, if annual turnover of LLP in any financial year exceeds Rs.40 lakhs or its contribution exceeds Rs.25 lakhs then LLP must have their account audited by Chartered Accountant.

Any individual above 18 years of age is eligible to be a Partner in LLP.

Yes, LLP agreements are mandatory in the formation of Limited Liability Partnership.

Stamp duty depends upon the state. It is different from state to state.

At least two partners are required for LLP registration. The maximum partners can be 200.

No, LLP is formed for the business purpose and to earn profit. Therefore, LLP cannot be incorporated for Non-Profit activity.

A person can cease his partnership in accordance with the provision of LLP Agreements, in absence of agreement he has to give a prior notice of 30 days to another partner. It must be informed to ROC in case of any change in partners.

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