office@charteredchoice.in
Registration of LLPs in India
Already, we have registered over 100+ companies in India.
LLPs are the best option for those business units who want to combine the flexibility and limited liability benefits of a partnership with a low cost of compliance. Online LLP registration is available at the lowest price in India.
- Free consultation
- LLP Deed
- DIN and DSC for two partners
- PAN & TAN
- Bank account opening documents
- Registration of LLPs with the government
Our Facts and Figures
Limited Liability Partnership
Basic Information
Limited Liability Partnership and Limited Liability partnership are governed by the Limitation of Liability Partnership Act 2008. Limited Liability The partnership shares the same basic characteristics as a firm, but provides its partners with the benefit of limited liability. LLP Formation requires a minimum of 2 partners.
The following are the features of LLP:
- Online LLP Registration LLP is a separate legal entity from companies
- LLP Formation The liability of each partner is limited to their contribution.
- Limited liability partnership formation costs are low
- Limited liability company Compliance and regulations
- Registration of limited Liability Partnerships without Minimum Capital Contribution
LLP Registration Process
- Online application for dsc registration.
- LLP application for DIN in the form dir-3
- LLP name approval application form llp run
- Fill out the application for a limited liability partnership in the form of fillip
- Form 3 Limited Liability Company Agreement
- LLP Registration Fees Make a Payment of llp Registration Fees
Types TDS Return Forms:
For PARTNERSHIP/Pvt. Ltd. COMPANY
FOR Proprietorship Firm Registration
What is the annual compliance for producer company?
Points that will make your decision easier
Name
Details
Form MBP1
Each director must disclose their interest in any firm, company or other AOI at the first meeting of its board by submitting Form MBP 1.
Form 8
Each Director of the company must file the disclosure of disqualification each financial year.
Form 7
The Producer Company is required to file an Annual Return on Form MGT-7 containing the most recent information regarding its directors and shareholders.
Form AOC 4
Financial Statements on Form AOC-4, to be filed along with the balance sheet, profit and loss account, directors' report, cash flow statement, auditor's report, and the consolidated financial statement.
Form 1
Within 30 days of the date of incorporation of the company, the Board of Directors shall appoint the auditor. The appointment must be made in ADT-1.
DIR-3 KYC
If you have already filed the form, then it is necessary to verify your OTP via email or mobile number. Otherwise, all new directors are required to submit this form.
Form DPT 3
The Return of deposit should be filed with the Registrar of Companies using FORM DPT-3.
How to register a LLP online?
Chartered Choice offers reasonable registration fees for limited liability partnerships. can help you find professionals who offer LLP registration services in India at reasonable LLP fees. Follow these steps to register limited partnership.
Step 1
Visit our website and select professionals who provide services for LLP registration in India according to your location and needs.
Step 2
Complete our query form by selecting LLP Registration Service.
Step 3
You will be contacted by our team to discuss the LLP registration and documents needed for incorporation.
Step 4
You will then be required to provide the necessary documents for LLP formation.
Step 5
Your incorporation certificate is issued in 20-25 days after we have processed your documents.
What documents do you need to submit online for LLP registration?
Documents of partners
Documents of LLP
Benefits of a private limited company
Name
Details
Limited liability
The responsibility of shareholders is limited to their capital contributions, protecting personal assets from financial obligations and liabilities.
Legal Identity Distinct:
Private Limited Companies have a legal identity that is distinct from their owners. It can own assets, enter into contractual agreements and bring or defend legal proceedings under its name
Constant Existence
A company's continued existence is independent of changes in directors or shareholders. Its survival is not dependent on the longevity of its employees.
Ease in Funding
It is easier to raise capital by issuing equity to investors, venture-capitalists or angel investors. This structure is attractive to external investors.
Tax Benefits
Private Limited Companys may qualify for various tax exemptions and benefits, making them tax efficient entities.
Credibility
Having the name "Pvt. Having "Pvt.
Benefits of a private limited company
No Minimum Capital
A Private Limited Company does not require a minimum capital. The minimum capital to register a Private Limited Company is Rs. The total authorized share capital is 10,000.
Separate Legal Entity
A Pvt Ltd Co. has a distinct legal identity before the courts. This means that the assets and liability of the company are different from the assets and liability of the directors. Both are treated as separate.
Limited Liability
The liability of a person is limited, so if the company experiences financial difficulties for whatever reason, personal assets will not be used by the members to pay off the Company's debts.
Fund Raising
In India, a Private Limited Company is the only business form that can be funded by Venture Capitalists and Angel Investors.
FDI is allowed
Private Limited Companies allow 100% Foreign Direct Investment. This means that any foreign person or entity can invest directly in a Private Limited Company.
Credibility is important
A public database contains the details of a company. This improves the credibility as the company's details can be easily verified.
5 easy steps
How do I file annual filing forms for a producer company?
Comply with your annual compliance in just 5 easy steps
FAQs of Producer Company Annual Filing
Who can be a partner in a Limited Liability Partnership (LLP)?
An LLP can be owned by any individual or corporation. An individual is not eligible to become a partner in an LLP if:
- He has been found unsound of mind by a Court with competent jurisdiction, and this finding is valid;
- He is an insolvent who has not been discharged;
- He has filed a request to adjudicate him as insolvent, and the application is still pending.
What documents are required to form a Limited Liability Partnership (LLP)?
For Partners
- PAN card or passport (for foreigners)
- The government may issue a driving license, Aadhar card (residential card), election identity card or any other identity document.
- Phone bill or bank statement not older than three months
To Register Office Proof
- It is not necessary for the landlord to show proof that they object to the name appearing on the gas, electricity or property tax bill or receipt or the water bill or sale note to be able to use the office as their registered office.
- Evidence of utilities such as electricity, gas, or telephone clearly indicating address of premises and document in name of owner. (Not older than 2 months).
What is the minimum capital required to incorporate a Limited Liability Partnership (LLP)?
The LLP Act 2008 does not require a minimum capital to incorporate a LLP.
What are the requirements to become a partner in a Limited Liability Partnership?
A Limited Liability Partnership can have any individual or corporation as a partner, provided the partner is a major (i.e. The partner must be over 18 years old. The Ministry of Corporate Affairs has not prohibited the citizenship or residence of the partner. Any foreign citizen or foreign corporate body may be admitted as a Partner in Indian LLP, provided that at least one partner is a resident Indian.
What criteria should I use to get the Limited Liability Partnership accounts audited?
The Limited Liability Partnership Act of 2008 does not require the auditing of the accounts up to a limit. It is therefore necessary to have them audited if:
- If the contribution to the Limited Liability Partnership is more than Rs. 25 Lakhs
- If the Limited Liability Partnership’s annual turnover exceeds Rs. 40 lakhs
Can a Limited Liability Partnership be converted into a Company?
A Limited Liability Partnership can’t be transformed into a Company, because the Acts are governed separately. However, it is possible to transform a Limited Liability Partnership into an LLC.
What is the stamp duty for Limited Liability Partnerships?
The stamp duty depends on the capital of the LLP as well as the state where you incorporate the LLP.
Can a NRI or Foreign National become a Designated Partner of a Limited-Liability Partnership?
Yes, Foreign Nationals or NRIs can become Designated Partners. However, there must be a minimum of one Indian Designated partner. Capital sharing ratio is not restricted.
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