LLP Company Registration | LLP Registration | LLP Formation | LLP Partnership Registration | LLP Incorporation | Simple and Easy way to Register a Company with Raag Consultants
LLP Company Registration Package Includes: ✓DSC ✓DIN ✓Name Approval ✓COI ✓MOA ✓AOA ✓PAN ✓TAN ✓Bank A/c Opening ✓GST Registration ✓MSME Registration and many more.
LLP Company Registration Cost Starts from Rs. 9,599 + 18% GST (Only Professional Fees)
Total Company Registration Time : 3-5 Days
What is LLP Company Registration | LLP Registration | LLP Formation | LLP Partnership Registration | LLP Incorporation
LLP Registration which stands for restricted legal responsibility partnership registration that is registered below Ministry of Corporate Affairs (MCA) and the useful component below llp registration is that the legal responsibility of the companions is restricted which isn't withinside the everyday partnership companies registered below partnership act. Under llp registration, the registered llp employer will govern as according to the policies and guidelines of Limited Liability Act, 2008. Professionals companies like Chartered Accountants, Company Secretaries, Advocates, recruiting companies and consulting commercial enterprise pass for LLP Company registration for partnerships.
Comparison among LLP Registration and Private Limited Company Registration:
LLP Company Registration is just like Private Limited Company registration with recognize to compliance and operational requirements. Through LLP Registration, the employer were given its separate identification from its special companions and might function and input or execute a agreement on its very own name. Through LLP formation, the legal responsibility of the companions of LLP Company is likewise restricted. LLP Company Registration and its compliances are more than the everyday partnership companies however less complicated than the compliances of Private Limited Company. The primary drawbacks of LLP Registration are that the possession switch isn't an smooth venture and problem LLP Company can problem the ESOP to their employees.
LLP Formation is Simple with Raag Consultants
Raag Consultants’s Experts may be very tons succesful to do LLP Company Registration and its compliances as according to the policies and guidelines of Ministry of Affairs and Limited Liability Partnership Act, 2008. Thousands of customers associated with LLP Formation is attached with Raag Consultants and getting happy offerings from us. Our particular approaches to manner the LLP Registration paintings make the complex manner very smooth for our customers.
Advantages of LLP Registration | LLP Company Registration | LLP Formation
Limited Liability of Partners
After LLP Registration, the partners and the LLP Company is having separate felony entity and might input into contracts in its very own ability and the LLP Registration additionally gives the excellent benefits to their companions with the aid of using proscribing their legal responsibility to the quantity in their capital contribution. Under Normal Partnership firm, the legal responsibility of the companions is limitless and their private property and assets are on hazard however this isn't befell beneathneath LLP Registration. Liability of economic contribution of any companion is restrained to the capital contribution as in line with the LLP settlement beneathneath LLP Registration. Many new age companies choose LLP registration over partnership in order that their private property stay secure in case of loss, or maybe insolvency.
Separate Legal Existence
Once the LLP registration in India is done, a separate felony entity is born in eyes of law. After LLP Registration, LLP Company very own its very own input into settlement with 1/3 celebration and might open its cutting-edge account in any financial institution account. LLP Registration separates itself from its proprietors and managers. After LLP Registration, LLP Company can sue itself towards any 1/3 celebration in case of any dispute.
Lower Compliance Requirement
The predominant advantage of LLP Registration over Private Limited Company Registration is that there's much less compliances. Statutory Audit isn't obligatory beneathneath LLP till the desired annual turnover cited withinside the rules, isn't crossed however beneathneath employer statutory audit is obligatory no matter the yearly turnover of the Company. Statutory conferences, board conferences, annual standard conferences are a number of the required compliances beneathneath Company however there's no such compliances beneathneath LLP Registration. Professional charges is likewise very affordable for the compliances of LLP Registration in contrast of Companies
LLP Agreement as in line with LL Partnership Act, 2008 is the deed among the companions of LLP Registration, which defines the powers and responsibilities of the distinct companions in addition to regular companions, that is the duty of each companions to observe them. It may also assist in shielding companion’s hobby in case of loss due to an illegal act of every other partner.
Different Types of Company Registration / Company Formation:
1) Private Limited Company Registration:
This shape of Company Registration is good for the commercial enterprise who's watching for excessive annual Sales and for the marketers who's searching for outside supply of funding. Under Private Limited Company, minimal numbers of individuals required to shape a agency. Under this Company formation, the necessary compliances associated with MCA, GST, Income tax is excessive in comparison to different kind of formations. Private Limited Company offers the easy and clean platform to elevate the capital withinside the agency. Private Limited Company formation also can gives ESOP to their employees.
2) Public Limited Company Registration:
This shape of Company Registration is good for the commercial enterprise who's watching for excessive annual Sales and for the marketers who's searching for capital from individuals in addition to from widespread public. Under Private Limited Company, minimal 5 numbers of individuals required to shape a agency. Under this Company formation, the necessary compliances associated with MCA, GST, Income tax may be very excessive in comparison to different kind of formations. Public Limited Company offers the easy and clean platform to elevate the capital withinside the agency. Public Limited Company formation also can gives ESOP to their employees.
3) Limited Liability Partnership LLP Company Registration:
This shape of Company formation is good for the Service agencies and additionally best for the agencies who want decrease funding to begin a commercial enterprise. Under Limited Liability Partnership firm, minimal numbers of companions required to shape a llp. Under this Company formation, the necessary compliances associated with MCA, GST, Income tax is much less in comparison to Private Limited Company Registration. Raising of Contribution is little bit hard in comparison to Private Limited Company. LLP Company formation can't provide ESOP to their employees.
4) One Person OPC Company Registration:
This shape of Company Registration is good for the owner commercial enterprise who's watching for criminal shape of the entity and restrict their legal responsibility and still have whole manipulate over the agency. Under this Private Limited Company, minimal one numbers of individuals required to shape a agency and one nominee required to shape a Company. Under this Company formation, the necessary compliances associated with MCA, GST, Income tax may be very much less in comparison to different kind of formations. This Private Limited Company offers hard platform to elevate the capital withinside the agency. Private Limited Company formation can't provide ESOP to their employees.
Different Packages for Different Company Registration Formation
Documents Required for LLP Registration | LLP Company Registration | LLP Formation
Passport size photograph of Partners
Copy of PAN Card of Partners
Copy of Aadhaar Card/ Voter identity card of Partners
Electricity/ Water bill (Business Place)
Copy of Property papers(If owned property)
Copy of Rent agreement (If rented property)
Landlord NOC (Format will be provided)
Checklist for Company Registration in India
According to the regulation withinside the Company Act, 2013 so as for any agency to be registered in India, the under situations need to be met.
Minimum Two Partners:
A personal constrained agency ought to have as a minimum administrators and at most, there may be 15. Of the administrators withinside the enterprise, as a minimum one ought to be a resident of India.
Register your LLP Name:
The call of your enterprise ought to be unique. The recommended call need to now no longer healthy with any current agencies or logos in India.
Minimum Capital Contribution:
There isn't anyt any minimal capital quantity for a agency. A agency need to have a licensed capital of as a minimum Rs. 1 lakh.
The registered workplace of a agency does now no longer need to be a industrial space. Even a rented domestic may be the registered workplace, as long as an NoC is received from the landlord.
Complete Process to Register a LLP | LLP Registration | LLP Incorporation
Step 1: Apply for Digital Signature Certificate (DSC)
Before beginning the method of LLP Registration, the specified companions want to use for virtual signature certificate (DSC) to use signatures at the LLP Registration Forms. All the files and paperwork want to be digitally signed via way of means of the specified companions for the cause of LLP Registration. DSC should be acquired from the authorities identified agencies. Also, you need to reap both elegance 2 or elegance three class of DSC or you may touch us & allow a Raag Consultants professional procure DIN for you. If you move for Limited Liability Partnership enterprise registration with Raag Consultants, up to two DINs are blanketed withinside the plan & there may be no want to use for DIN separately.
Step 2: Obtain Designated Partner Identification Number (DPIN)
You need to follow for the DPIN of all of the specified partners or the ones proceeding to be specified accomplice of the proposed LLP.
The utility for allotment of DPIN needs to be made in Form DIR-three. You need to connect the scanned replica of files (typically Aadhaar and PAN) to the shape. The shape will be digitally signed via way of means of the prevailing specified partners of the LLP Company and renowned the attractiveness of a brand new character because the accomplice of LLP Registration
Step 3: Reservation of Name (RUN FORM Approval)
LLP-RUN(Limited Liability Partnership-Reserve Unique Name) is filed for the reservation of call of proposed LLP which will be processed via way of means of the Central Registration Centre beneathneath Non-STP. But earlier than quoting the call withinside the shape, it's miles advocated which you use the unfastened call seek facility on MCA portal. The machine will offer the listing of intently equivalent to names of present companies/LLPs primarily based totally at the seek standards crammed up.
This will assist you in deciding on names now no longer much like already present names. The registrar will approve the call best if the call isn't unwanted withinside the opinion of the Central Government and does now no longer resemble any present partnership corporation or an LLP or a frame company or a trademark. The shape RUN-LLP needs to be observed with expenses as according to Annexure ‘A’ which can be both authorized/rejected via way of means of the registrar. A re-submission of the shape will be allowed to be made inside 15 days for rectifying the defects. There is a provision to offer for two proposed names of the LLP.
Step 4: Incorporation of LLP
The shape used for incorporation is FiLLiP(Form for incorporation of Limited Liability Partnership) which will be filed with the Registrar who has a jurisdiction over the kingdom wherein the registered workplace of the LLP is situated. The shape may be an included shape.
Fees as according to policies and policies of Limited Liability Act,2008 will be paid.
This shape additionally affords for making use of for allotment of DPIN, if an man or woman who's to be appointed as a delegated accomplice does now no longer have a DPIN or DIN.
The utility for allotment will be allowed to be made via way of means of people best.
If the call this is implemented for is authorized, then this authorized and reserved call will be crammed because the proposed call of the LLP
Step 5: File Limited Liability Partnership Agreement
LLP settlement governs the mutual rights and obligations among the companions and additionally among the LLP and its companions.
LLP settlement should be filed in shape three on line on MCA Portal.
Form three for LLP settlement needs to be filed inside 30 days of the date of LLP Registration.
The LLP Agreement needs to be published on Stamp Paper. The fee of Stamp Paper is extraordinary for each kingdom.
Register your LLP Name before LLP Registration
One of fundamental and preliminary step withinside the method of Company Registration is to test the provision of the corporation call. There is a facility given with the aid of using the Ministry of Corporate Affairs to test the resemblance with the agencies already registered withinside the MCA database and additionally take a look at whether or not the corporation call is resemble with any trademark or now no longer with the aid of using looking in Intellectual Property Rights database.
We endorse the organizations to give you 3 to 4 opportunity names at some point of the approval level of Company Registration. The Ministry of Corporate Affairs might be the very last authority to approve the call primarily based totally at the availability guidelines and rules.
If you're dissatisfied that a desired call is taken, do keep in mind that the call of your corporation would not ought to be your logo call. However, if you'll trademark your logo call, additionally take a look at if it has already been trademarked at http://www.ipindia.gov.in/. If it's been trademarked, you will want a no-objection certificates from its proprietor to have it authorised as your corporation's call.
Mandatory Compliances after LLP Registration | LLP Incorporation
Raag Consultants will let you hold all of the books of money owed obligatory for LLP Registration Company and all different compliances obligatory for LLP Company to conform with. Our Professional costs for book-keeping, accounting and compliances begin with Rs. 7,500 in step with annually. The following are compliances that a LLP have to comply every yr.
Income Tax Return:
LLP Registration have to document profits tax go back the use of Form ITR five. Form ITR five may be filed on line via the profits tax internet site the use of the virtual signature of any Designated Partner.
MCA Annual Return:
LLP Form eleven is due on or earlier than thirtieth of May every yr. Form eleven consists of info of the quantity of companions, overall quantity of companions, overall contribution obtained with the aid of using all companions, info of frame company as companions and precis of companions. In addition to LLP Form eleven, Form eight have to be filed inside 30 days from the give up of 6 months of the economic yr in conjunction with a few prescribed fee. Hence, LLP Form eight could be due on or earlier than thirtieth October of every economic yr.
In addition to the above, GST registration, GST go back submitting and TDS go back submitting could be required for the LLP - primarily based totally at the income turnover and diverse different criterias.
Raag Consultants is the marketplace chief in LLP registration offerings in India. In addition to LLP registration, Raag Consultants additionally gives a lot of enterprise registration offerings like personal constrained business enterprise registration, one character business enterprise registration, Nidhi Company Registration, Section eight Company Registration, Producer Company Registration and Indian Subsidiary registration.
Frequently Asked Questions
Q. Who can Become Partner in LLP REGISTRATION ?
A. Any man or woman whether or not be it an man or woman or a frame company can end up a companion in LLP except of unsound mind, declared or intending for insolvency is pending.
Q. Can NRI (Non Resident of India) Become Partner in LLP ?
A. Yes an NRI may be companion in LLP. Since 2015, LLPs may be shaped with 100% overseas investments from NRIs and Foreign entities in regions wherein 100I is allowed.
Q. what's LLP Agreement?
A. LLP settlement is the settlement that is signed and accomplished many of the companions of LLP. The LLP settlement is to be submitted to roc for incorporating the same
Q. what's Minimum Number of Partners or Maximum Number of Partners in LLP ?
A. Min 2 and Max no limit
Q. Who is Prefer the LLP Registration through Small Startups ?
A. – Compliances are low
– Easy to incorporate
– Fee and prices are less
– Body company
– Limited liability
Q. Is it less expensive LLP as examine to Private constrained enterprise ?
A. Yes incorporating a non-public constrained enterprise entails greater price and compliances to be accompanied beneathneath the organizations act, 2013.
Q. What is Stamp Duty in LLP AGREEMENT?
A. The stamp obligation relies upon upon the kingdom in that you are executing the settlement. Like in Rajasthan it's far 500
Q. Do I want Commercial Office for the LLP Registration Purpose ?
A.Not required, you may use your residential deal with as Registered workplace cause for the same.
Q. Can i do it LLP Formation myself with none assist of CA or on-line portal ?
A. No, it’s now no longer viable due to the fact there may be definitely purpose i.e its required the expert carrier to refill the bureaucracy and as according to the govt. MCA Rules Chartered Accountant or CS or Lawyer DSC Authorisation is needed at the EForm Filings.
Q. What is the Tax Rate for the LLP ?
A. LLP may be dealt with as Partnership organization for the cause of tax and consequently may be taxed on the road of partnership organization. The powerful tax fee is 30.90% on Profit. There may be no surcharge relevant on LLP.
Q. Can i consist of my own circle of relatives participants in my LLP Formation ?
A.Yes you may consist of your any member of the family on your LLP as a Partner.
Q. What is the Minimum Share Capital withinside the LLP ?
A.You can begin with any quantity of the capital. nonetheless as a Professional recommendation we advocate you begin atleast with the ten thousand INR for the same.
Q. GST Registration nonetheless required after the LLP Registration ?
A. in case your predicted turnover go 20 lakh rupees in a 12 months then Yes its required however advocate you usually go together with the GST Registration after the incorporation of LLP. It’s useful to say the enter tax credit.
Q. LLP Companies in india will have more than one enterprise ?
A.Yes, you may run more than one enterprise beneathneath one LLP Name, there may be no trouble in that.
Q. LLP Secure my Company call with the Logo ?
A. LLP Secures simplest the enterprise call like XYZ Technologies LLP however its now no longer steady your Brand or Logo. so in case you need to release any logo beneathneath your LLP call then you may go together with the Trademark Registration for the same.
Q. What is standards to end up Partner in an LLP ?
A. Simply your age is minimal 18 12 months with the legitimate files like pan card etc.
Q. Working Professional in any enterprise can sign in an LLP in India ?
A.Yes if there may be no specific terms & situation on your JOB Agreement.
Q. Physical presence or assembly with any executive officer required ?
A. No, it’s a very on-line with the Raag Consultants which take care approximately all things.
Q. What are the necessary annual compliance for an LLP ?
A. LLP Annual Return or Statement of Accounts are obligatory submitting with the Income tax. Audit isn't always required in case of LLP until the forty lakh rupees turnover.
Q. Can I Convert our LLP into the Private constrained Company or different entity ?
A. Conversion from LLP to every other entity isn't always realistic or viable until the date. you may examine right here approximately CONVERT LLP TO PRIVATE LIMITED COMPANY.
Q. Apart from the LLP Registration do I want every other license ?
A. Yes, its all depend upon your nature of enterprise. you want GST Registration mainly, other than this in case you need to steady your logo then you may go together with the Logo Registration. when you have meals associated enterprise then you may go together with the FSSAI Registration or in case you need to do import export then you may go together with the IEC Code Registration.