Introduction :
Limited Liability Partnership or LLP become delivered in India thru the Limited Liability Partnership (LLP) Act, 2008. The primary essential precept in the back of the LLP advent is to keep a enterprise entity which presents confined legal responsibility to the owners. LLPs had been delivered in 2010 and because then, they’ve obtained nicely with extra than One lakhs registrations. Here get more Designated partners in llp
Benefits of setting up an LLP in India:
An LLP protects the private property of the contributors from the liabilities. In different words, an LLP is a separate criminal entity to the entity contributors.
LLP gives a exceptional quantity of flexibility—operations and distribution of earnings are decided thru a written settlement. It effects in higher control of the enterprise.
An LLP is presumed to be a criminal person. Therefore, it could rent, rent, buy, personal property, or even be held responsible.
Documents of Partners :
ID Proof/PAN Card of the Partners
Address Proof of the Partners
Residence Proof of the Partners
Photographs
Passport (In case of NRIs)
Documents of LLPs :
Address Proof of the Registered Office
DSC (Digital Signature Certificate)
Documents of Partners
ID Proof/PAN Card of the Partners: The PAN Card of all of the companions is needed on the time of LLP registration. Since a PAN Card is connected to all different identification proofs, it acts as a number one ID evidence.
Address Proof of the Partners: Any file some of the Voter’s Card, Driving License, Passport, or Aadhaar Card may be submitted because the cope with evidence of the companions. Noteworthy, the info, together with the call’s spelling, date of birth, etc. cited at the PAN card must be the identical at the cope with evidence.
Residence Proof of the Partners: Documents, together with financial institution statement, cell bill, smartphone bill, or energy bill, may be submitted as a house evidence. Notably, the payments must now no longer be extra than three months vintage and the info together with call must suit the PAN Card.
Photographs: The passport length photographs of the companions (ideally with white background) must additionally be submitted along side different files.
Passport: It is obligatory to put up the passport of the companion if he/she is an NRI. The cope with evidence of the NRI need to additionally be submitted along side the passport.
Documents of LLP
Address Proof of the Registered Office: The cope with evidence of the registered workplace needs to be submitted all through the LLP registration. In case the registered workplace rented or leased, the rental settlement or rent deed along side the consent shape of the proprietor of the idea and his/her identification evidence needs to be submitted. The cope with evidence of the owner need to now no longer be extra than 2 months vintage.
Digital Signature Certificate: A virtual signature certificates of one of the companions along side the files need to be submitted
How to Register an LLP Online?
The LLP registration may be finished on line in a hassle-loose manner. Follow the below-cited five steps to sign in LLP on line:
Step 1 :Obtain DSC
Step 2 :Apply for DIN
Step 3 :Name Reservation
Step 4 :Incorporation of LLP
Step 5:File LLP Agreement
| Step | LLP Registration Fees |
| Step 1: Obtain DSC |
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| Step 2: Apply for DIN |
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| Step 3: Name Reservation |
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| Step 4: Incorporation of LLP | It depends on the capital contribution
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| Step 5: File LLP Agreement | It depends on the capital contribution
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