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Limited Liability Partnership

Limited Liability Partnership (For Family Business )

Rs. 5998 (15 days Guaranteed Delivery)

  • – Two Digital Signature Certificates
  • – Two Director Identification Numbers
  • – Two LLP Name Application
  • – e-PAN
  • – e-TAN
  • – Certificate of Incorporation
  • – LLP Agreement

Timeline- Fifteen days

Digital Signature Certificate (One day)

Like physical documents are signed manually, electronic documents, for example e-forms are required to be signed digitally using a Digital Signature Certificate

Name Approval ( Upto 5 days )

The applicant can submit two proposed names for approval in the order of preference. In case the applied names are not available for registration, the ministry will give one chance to resubmit the application with another set of two names for approval.

Incorporation Process ( Upto 9 days )

After name get approval from ministry, we file FiLLip form with required attachment for LLP incorporation

* After Incorporation LLP agreement is to be filed within 30 days.

Cost to Client :

LLP Name Search                                 Free

Consultancy (24*7)                             Free

Two Digital Signature                          2000

Name Application fees                       200

Government Fees                                550

PAN and TAN fees                                 131

Professional fees                                  3117

Grand Total                                                      5998

**Stamp duty for LLP agreement has to be borne by the applicant

** above mention fees are calculated on contribution of Rs 1,00,000

Documents Required- Only Scanned Copies :

For Director and Nominee

  • – PAN
  • – Aadhaar
  • – Passport size photograph
  • – Latest Bank Statement or utility bill not older than 2 months

For Registered office

  • – Utility bill in the name of owner (not older than 2 months)
Frequently Asked Questions :

1.How can I convert my existing partnership firm into LLP?

Any existing registered partnership firm that is willing to get converted into LLP will need to apply through Form 17 (Application and statement for the conversion of a firm into LLP. Form 17 needs to be filed along with Form 2 (Incorporation document and Subscriber’s statement).

2.When should I file my annual report with the ROC of an LLP?

LLP annual return is due on May 30th and the Statement of Account & Solvency is due on October 30th of each financial year. In addition to the MCA annual return, LLPs must also mandatorily file an income tax return every year.

3.Which is better LLP or Pvt Ltd Co?

Ans. Private Limited Company is the simplest and a very popular form of Business Registration in India. It can be registered with a minimum of two people. Limited liability protection to shareholders, ability to raise equity funds, separate legal entity status make it the most recommended type of business entity for millions of small and medium-sized businesses that are family owned or professionally managed.

Limited liability partnership is a partnership with limited liability. LLP is basically a combination of both Company and Partnership. It is an alternative form of business registration in India which is generally preferred by Professionals, medium and small scale business. Limited It is governed by LLP Act, 2008 and as per LLP agreement formed at the time of Incorporation.

4.Can an LLP register on the residential address?

You don’t need a proper office to incorporate an LLP. You can register your residential address as a registered place of your business with MCA for which some address proof along with the NOC (No Objection Certificate) has to be filed with the prescribed form.

5.What are the advantages of forming an LLP?

  • – Incorporation of LLP involves low cost
  • – It inhibits the features of both a partnership firm and a company.
  • – Unlike a company, LLP can be formed with a minimum two designated partners without any maximum limit.
  • – Audit is not mandatory unless an LLP has a turnover exceeds Rs.40 lakhs and capital contribution exceeds Rs. 25 lakhs
  • – As compared to the traditional partnership, liability of each partner is limited to his share as mentioned in the agreement.
  • – Fewer compliances as there is no requirement to maintain any statutory records except books of accounts.