LLP registration in gurgaon, LLP company registration online, LLP company registration
LLP registration in gurgaon, LLP company registration online, LLP company registration
LLP registration in gurgaon, LLP company registration online, LLP company registration
LLP registration in gurgaon, LLP company registration online, LLP company registration

Limited Liability Partnership (LLP)

About Limited Liability Partnership (LLP)

A limited liability partnership (LLP) is an association wherein a few or all accomplices (contingent upon the purview) have limited liabilities. It subsequently displays components of organizations and companies. In a LLP, each accomplice isn't mindful or subject for another accomplice's offense or carelessness.

Register my Limited Liability Partnership (LLP)

Our Professional Fees : INR 5,499/-

(Prices are inclusive of GST; Government Fees and other charges will be charged at actuals)

Our Scope of work

  1. Any amount of Capital
  2. Application for 2 Director Identification Number
  3. Application of 2 Digital Signatures (validity 2 years)
  4. Name Approval
  5. Drafting of LLP Agreement
  6. Drafting of other additional documents
  7. Preparation of various eforms
  8. Resubmission of eforms, if any
LLP registration in gurgaon, LLP company registration online, LLP company registration
LLP registration in gurgaon, LLP company registration online, LLP company registration

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Know more about Limited Liability Partnership (LLP)

A limited liability partnership (LLP) is an association wherein a few or all accomplices (contingent upon the purview) have limited liabilities. It subsequently displays components of organizations and companies. In a LLP, each accomplice isn't mindful or subject for another accomplice's offense or carelessness.

1. Designated Partner (DP) :

  • Minimum no. of DP required are 2 out of which 1 shall be Indian Resident.
  • Any person can be a DP of the LLP including family members.
  • Director Identification No. (DIN) and Digital Signature Certificate (DSC) are required to be a DP of the LLP.
  • DP are the managers and they are responsible for day to day functioning of the LLP.
  • DP can also contribute to capital of the LLP.

2. Partner :

  • There is no such minimum requirement for a Partner.
  • DP and Partners can be the same.
  • Partners only contribute to capital of the LLP and does not take active participation in the day to day functioning of LLP, hence they are not responsible or liable for any activities of the LLP.

3. Capital Contribution :

  • There is no such requirement for minimum capital contribution, hence the LLP can be formed with the capital contribution starting from INR 1.

4. Registered Office:

  • Any place can be made as the registered office of the LLP even the residential place can be used as the registered office of the LLP.

5. Registering Authority

  • Ministry of Corporate Affairs

6. Required Documents

  • Proof of Registered office address (Conveyance/ Lease deed/Rent Agreement/Maintenance Bill)
  • Copy of the utility bills of the registered office (Electricity Bill/Telephone Bill not older than two months)

Directors / Shareholders

  • PAN Mandatory- Indian National / Passport – Foreign National – Self Attested
  • Proof of Identity – Voter Id/Passport/Driving License – Self Attested
  • Proof of Address (Electricity Bill/Bank Statement/Telephone Bill/Mobile Bill not older than 2 months) - Self Attested
LLP registration in gurgaon, LLP company registration online, LLP company registration

Advantages

It is anything but difficult to begin and deal with a professional business visionaries. LLP understandings are tweaked in as per address the issues of accomplices concerned. There is less customs in zones of lawful gathering, yearly gathering and goal when contrasted with some other Private Limited Company.

LLP can be begun with the base measure of capital cash. Capital might be as unmistakable, versatile resource like Land, hardware or immaterial structure.

LLP may have accomplices differing from 2 to many. There is no restriction for accomplices in LLP.

The expense of registration of LLP is low when contrasted with Public and Private Limited substance.

LLP is required to review their record in the accompanying circumstance: When the commitments of the LLP surpasses Rs. 25 Lakhs, or When yearly turnover of the LLP surpasses Rs. 40 Lakhs

LLP need to confront less consistence trouble as they need to submit just two proclamations for example the Annual Return and Statement of Accounts and Solvency. While on account of privately owned business, at any rate 8 to 10 administrative customs and compliances are required to be appropriately finished.

Disadvantages

LLP is directed type of business, as the LLP Act 2008 gives different arrangements identifying with the board of issues of the LLP which incorporates taking the authorization of administrative expert for undertaking certain activities.

It is important for LLP to get its records examined every year and to set up its asset report and benefit and loss account as per the recommended rules. Part of data with regards to the monetary state of the business is required to be revealed and in addition, every such report are accessible for open review, hence it is beyond the realm of imagination to expect to keep up money related mystery of the business.

It is commonly difficult to close the LLP when contrasted with different types of business, the methodology to close is long and includes consistence of different customs, now and again it takes 4-5 months to totally wrap up the LLP.

It is difficult to move the enthusiasm for LLP when contrasted with organization; different conventions are required to follow as per the terms and states of the LLP Agreement.

LLP is administered by the terms and conditions as recommended in the LLP Agreement and which if not appropriately drafted will bring about questioned among the accomplices , delay in executing choice, necessity of changing the Agreement or executing another one, in the event that the new accomplices are conceded.

LLP is as of late presented in India and is in this way not perceived under different laws to convey different business and additionally due to being generally new idea , there is still no clearness on different issues identified with it , which might create problems in its smooth functioning.


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