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Limited Liability Partnership (LLP) Registration

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Why Should I Use Auriga Accounting For Limited Liability Partnership (LLP) Registration?

Auriga Accounting has a team of registration experts who can provide complete guidance to register your Limited Liability Partnership (LLP) .

book appointment

Our team of experts will get in touch with you and collect all necessary documents and details

Resolve all your queries

We fill out and file your application for registration

Complete your registration

Your Limited Liability Partnership (LLP) is registered

Why Should I Use Auriga Accounting For Sole Proprietorship Registration?

Auriga Accounting has a team of registration experts who can provide complete guidance to register your Liability Partnership (LLP).

book appointment

Our team of experts will get in touch with you and collect all necessary documents and details

Resolve all your queries

We fill out and file your application for registration

Complete your registration

Your Liability Partnership (LLP) is registered

Limited Liability Partnership (LLP) Registration In India - Online Process ,Fees , Documents Required

A Limited Liability Partnership (LLP) is a business structure where partners have limited liability, protecting personal assets from business debts. Unlike traditional partnerships, each partner is not personally responsible for the actions of others. LLP combines features of partnerships and corporations. It differs from a private limited company by its flexible management structure and lack of share capital. Unlike a One Person Company (OPC), an LLP requires a minimum of two partners. It provides limited liability similar to private limited companies but with a simpler compliance framework. In contrast to sole proprietorships, LLP involves shared responsibility among partners.

What is Limited Liability Partnership (LLP) ?

A Limited Liability Partnership (LLP) is a business structure that combines elements of a traditional partnership with limited liability features. In an LLP, partners are not personally responsible for the company’s debts or liabilities. Each partner’s liability is limited to their investment in the business, offering a level of protection for personal assets. LLPs provide flexibility in management and taxation, making them a popular choice for professionals and small businesses. It allows partners to share profits, manage the business collaboratively, and benefit from the liability protection typically associated with larger corporations.

A Limited Liability Partnership (LLP) is a business structure that combines features of a partnership and a company. In an LLP, partners have limited liability, and the entity is a separate legal entity. Section 2(n) of the Limited Liability Partnership Act, 2008, defines LLP as a partnership formed and registered under the Act.

LLPs are often used by professional service firms, just like AURIGA ACCOUNTING PRIVATE LIMITED, accounting firms, and consulting firms, because they provide the benefits of a partnership structure while limiting the personal liability of the partners.

Eligibility of Limited Liability Partnership (LLP) Registration

Minimum Partners:

  • LLP can be formed with a minimum of two partners. There is no maximum limit on the number of partners.

Types of Partners:

  • Individuals, companies, or other LLPs can be partners in an LLP.

Designated Partners:

  • At least two partners must be designated as designated partners, and one of them must be a resident of India.

Foreign Nationals/Entities:

  • Foreign nationals and foreign entities are allowed to be partners in an LLP.

Professionals:

  • Professionals like lawyers, accountants, consultants, etc., can form LLPs to provide their services.

No Minimum Capital Requirement:

  • There is no mandatory minimum capital requirement for LLP formation.

Registered Office:

  • Must have a registered office address in India.

Not for Non-Profit Activities:

  • LLP cannot be formed for charitable or non-profit purposes.
Eligibility Of Limited Liability Partnership (LLP) Registration

Benefits Of Limited Liability Partnership (LLP) Registration

Limited Liability: Partners enjoy limited liability, protecting personal assets from business debts and liabilities.

Flexibility in Management: LLPs provide flexibility in management, allowing partners to organize the internal structure as per their agreement.

No Minimum Capital Requirement: No minimum capital contribution is mandated for LLP formation, offering financial flexibility to partners.

Separate Legal Entity: LLP has a distinct legal identity separate from its partners, enhancing credibility and facilitating business transactions.

Ease of Registration and Compliance: Simplified registration process and fewer compliance requirements compared to private limited companies, reducing administrative burden.

Tax Efficiency: LLPs enjoy the benefit of pass-through taxation, where profits are taxed at the individual partner’s level, avoiding double taxation.

No Ownership Transfer Restrictions: Transfer of ownership or addition/removal of partners can be easily done with mutual consent and adherence to the LLP agreement.

Professional Independence: Professionals like lawyers, accountants, and consultants can form LLPs to provide their services with limited liability.

Foreign Participation: Allows foreign nationals and entities to participate as partners, encouraging international collaboration.

Reduced Compliance Costs: LLPs typically have lower compliance costs compared to private limited companies, making it cost-effective for smaller businesses.

Scope for Expansion: LLPs can easily convert into private limited companies or other business structures if needed for future expansion.

Benefits Of Limited Liability Partnership (LLP) Registration

Documents Required for Limited Liability Partnership (LLP) Registration

  • Scanned copy of PAN card or passport (foreign nationals & NRIs)
  • Scanned copy of voter ID/Aadhar Card/ Driving Licenses
  • Scanned copy of the latest bank statement
  • Scanned copy of the electricity or gas bill
  • Scanned passport-sized photograph specimen signature (blank document with signature (Partners only)
Documents Required For Limited Liability Partnership (LLP) Registration

Process of Limited Liability Partnership (LLP) Registration

  • Apply Digital Signature Certificate (DSC): The designated partners of the LLP need to obtain Digital Signature Certificates from government-approved certifying agencies. This is required for digitally signing the electronic documents during the registration process.
  • Apply Director Identification Number (DIN): Each designated partner must obtain a unique Director Identification Number (DIN) from the Ministry of Corporate Affairs (MCA). DIN can be obtained by submitting an online application along with the necessary identification and address proof documents.
  • Apply for Name Approval : Choose a unique name for the LLP and submit an online application for name reservation through Form 1. The name should comply with the LLP Name Availability Guidelines specified by the MCA. Once approved, the name reservation is valid for 90 days.
  • Incorporation documents: Prepare the incorporation documents including the LLP Agreement and subscription sheet. The LLP Agreement defines the mutual rights and obligations of the partners and must be executed on non-judicial stamp paper. The subscription sheet contains the details of partners’ contributions to the LLP.
  • LLP Agreement Drafting: Draft an LLP agreement defining the roles, responsibilities, and profit-sharing among partners. This document must be notarized.
  • Filing of Incorporation Form (FiLLiP): File the FiLLiP (Form for Incorporation of Limited Liability Partnership) with the MCA. Attach the necessary documents, including the LLP agreement, address proof, identity proof, and PAN cards of partners.

  • Payment of Stamp Duty: Pay the applicable stamp duty on the authorized share capital of the company. This can be done online or through designated bank branches.
  • Verification and Approval: The ROC will examine the filed documents and may request additional information or clarifications. Once satisfied, the ROC will issue a Certificate of Incorporation, indicating the successful incorporation of the  LLp
  • Issuing of Certificate of Incorporation, PAN and TAN : Post approval of Documents from Ministry of corporate affairs’ the department issue documents such as PAN,TAN and Certificate of Incorporation.
Process Of Limited Liability Partnership (LLP) Registration

What you get after Limited Liability Partnership (LLP) Registration

  • Certificate of Incorporation (COI)
  • LLP Pan Card
  • LLP Tan Card
  • Class 3 Digital Signature (DSC)
  • Director Identification Number (DIN)
What You Get After Limited Liability Partnership (LLP) Registration
  • Scanned copy of PAN card or passport (foreign nationals & NRIs)
  • Scanned copy of voter ID/Aadhar Card/ Driving Licenses
  • Scanned copy of the latest bank statement
  • Scanned copy of the electricity or gas bill
  • Scanned passport-sized photograph specimen signature (blank document with signature [directors only)

Compliances Limited Liability Partnership (LLP) Registration

Annual Return (Form 11):LLPs are required to file their annual return within 60 days of the closure of the financial year. This includes details about the LLP, partners, and the statement of account and solvency.

Financial Statements (Form 8): LLPs must file their financial statements, including the balance sheet and profit and loss account, with the Registrar of Companies (ROC) within 30 days of the Annual General Meeting (AGM).

Statement of Account and Solvency (Form 8): LLPs are required to file a statement of account and solvency along with the financial statements.

DPIN Update (Form 6): Any changes in the Designated Partner’s Information (DPIN) must be updated with the ROC through Form 6.

Income Tax Return (ITR-V): LLPs need to file their income tax return with the Income Tax Department. The form may vary depending on the LLP’s turnover and other factors.

Reasonable Price for Filling Limited Liability Partnership (LLP) Registration

Auriga Accounting Private Limited in India provides Company Registration at a reasonable price or if Limited Liability Partnership (LLP) Registration  from us then we give you a special discount.  Our services are value for money and you never paid a penalty. Our clients are all over India i.e., Chhattisgarh, Assam, Maharashtra, Uttar Pradesh, Delhi, Madhya Pradesh, Bihar, and many other states, and they are very happy with us.  We also give you time-to-time updates with full transparency.

Steps

Fees

Digital Signature Fees

₹ 3000

Government fees ( Stamp Duty)

₹ 1500

Professional Fee

₹ 2499

Total cost

₹ 6999

Why Auriga Accounting?

Auriga Accounting might be helpful for businesses or individuals:

  1. Expertise: Auriga Accounting has a team of professionals who are knowledgeable and experienced in accounting and taxation matters. They can provide expert advice and guidance on a wide range of financial issues, helping businesses and individuals to make informed decisions.
  2. Time-saving: Outsourcing accounting and taxation services to Auriga Accounting can save businesses and individuals valuable time that can be used for other important tasks. Auriga Accounting can handle the day-to-day financial operations, leaving businesses and individuals free to focus on their core competencies.
  3. Cost-effective: Auriga Accounting can help businesses and individuals to reduce their overhead costs by providing cost-effective accounting and taxation services. They can help to minimize tax liabilities, optimize financial processes, and improve cash flow.
  4. Compliance: Auriga Accounting can help businesses and individuals to stay compliant with tax laws and regulations, avoiding penalties and other legal issues.
  5. Technology: Auriga Accounting utilizes modern technology and software to streamline financial processes and improve efficiency. They can help businesses and individuals to leverage technology to their advantage and stay ahead of the competition.

Overall, Auriga Accounting can be a valuable partner for businesses and individuals who want to improve their financial management and achieve their goals

Frequently Asked Questions (FAQs)

The LLP Agreement is a legal document that outlines the rights, responsibilities, and obligations of partners in a Limited Liability Partnership (LLP). It governs the internal operations, profit sharing, decision-making, and dispute resolution within the LLP.

The income tax rate for an LLP is 30% of the total income. Additionally, a surcharge and health and education cess may apply based on the LLP's annual income and the prevailing tax regulations.

LLP compliance under the Companies Act of 2013 refers to the statutory obligations that LLPs must fulfil. This includes filing annual returns, maintaining proper books of accounts, conducting audits, complying with tax regulations, and adhering to other legal requirements.

A partner can be removed from an LLP by following the procedures specified in the LLP Agreement. Generally, this involves obtaining the consent of other partners, executing necessary documentation, updating the LLP agreement, and notifying the concerned authorities.

The LLP registration fee varies based on the authorised capital of the LLP. It is advisable to check the latest regulations or consult our legal experts.

LLP Registration Online is done with the Registrar of Companies (ROC) in the respective state. The registration process is simplified through AURIGA ACCOUNTING. It involves filing the necessary documents, including LLP incorporation forms.

LLPs are treated as separate legal entities for tax purposes. The LLP itself is not taxed, but its partners are individually taxed on their share of profits from the LLP. The tax liability of partners depends on their personal income tax slab rates.

An LLC is a business entity that combines the features of a corporation and a partnership. It is privately owned and managed by its directors. On the other hand, an LLP is a partnership where the liability of the participants is limited to the amount they invest in the business. In an LLP, the directors are also the owners of the firm.

Any two or more individuals or entities, including foreigners/NRIs, can form an LLP. Professionals such as accountants, lawyers, consultants, and others often choose to form LLPs to combine their expertise and limit their liability.

Yes, LLPs are required to file their annual income tax return irrespective of profit or loss. The LLP's income tax return (ITR) must be filed electronically using the prescribed forms and within the due dates specified by the tax authorities.

Get more details

Discover the incorporation packages.

Basic

Sutable for startup

6,999 Only
  • Certificate of Incorporation (COI)
  • LLP Pan Card
  • LLP Tan Card
  • Class 3 Digital Signature (DSC)
  • Director Identification Number (DIN)
  • Stamp Dutiy Charges
  • LLP Master Data
  • LLP Agreement

Standard

Sutable for Businesses

13,999 Only
  • Basic Plan include
  • GST Registration
  • Auditor Appointment
  • Commencement of business
  • Issuing of share certificate
  • MSME Registration
  • Copies of Business document

Premium

Sutable for Corporates

33,999 Only
  • Standard Plan Include
  • Trademark Registration
  • Current account opening support
  • Annual compliance
  • Startup india Registration

Our Happy Clients!

Excellent
Based on 12 reviews
MD SAHIL
MD SAHIL
2023-06-10
Auriga Accounting is right CA firm is crucial for the financial health of our business. Auriga Accounting is reputable firm with experienced professionals, strong technology infrastructure, good communication, and transparent pricing.
Prince Kushwaha
Prince Kushwaha
2023-06-10
Workplace must be peaceful and be active during work , the Auriga Accounting Private Limited provides relevant and necessary things so employees save their time and complete their task before time period effectively and efficiently
Prince Singh
Prince Singh
2023-06-10
Auriga accouting private limited and it's team provide best service at affordable price. I have done my previous year GSTR and ITR they did it before the time
Priyanka Kumari
Priyanka Kumari
2023-04-07
They are best coordination with me. Time to time inform me how to work and what work is my pending. Time to time updated me about my company profile work like ROC Filling last date, GST filling last date, ITR etc... I have no paid any penalty since I started working with Auriga..
Vishal Singh
Vishal Singh
2023-04-07
Best company for providing services, I recommended to all. They give me the best rate of price and finished work before the time.
Sameer khan
Sameer khan
2023-04-07
The auriga accounting private limited is a reliable and a customer support company the team has give Clear answer towards the customer by which the customer cannot get confused and get necessary detail to solve their queries and auriga provided me good service and delivered my work on time very well coordinate with me and talk very well I suggest if you have any work then call auriga they will definitely finish your work on time
Vivek Shakya
Vivek Shakya
2023-04-07
Great Services , within affordable rate and give full satisfaction on works. Easy to Cordinate, I have done My Previous year ITR , Startup Registration. I am very happy with their services and their first priority is their Customer.
find way
find way
2023-04-06
I'll give a five-star rating, I had doubts about how to start my work in the field of business and they guide me and instruct me on how to start a business. They have a great team.
623 Anjali
623 Anjali
2023-04-06
The Auriga has great services. Efficient communication and really easy way to get help and support.
Anjali Sharma
Anjali Sharma
2023-04-06
Auriga Accounting team represents the highest level of customer services I have experienced.The team gives accurate information and responses to queries very fast, which are customer is facing.

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