New Startup - LLP Firm Registration

Features of LLP

 

• Separate legal entity : It is a separate legal entity from its members

• Limited Liability : Members have access to limited liability

• Perpetual succession

• Partners: It requires at least two designated members

• No compulsory audit required: the audit in case of LLP is not mandatory, unless:
  1- If the contribution of the LLP exceeds 25 lakh rupees
  2- If the turnover of the LLP exceeds 40 lakh rupees annually

• It comes under the Limited Liability Partnership Act of 2008

Documents required for LLP Registration

 

• PAN Cards of proposed Designated Partners

• Voter's ID/Passport/Driver's License of proposed Designated Partners

• Latest Bank Statement/Telephone or Mobile Bill/Electricity of proposed Designated Partners

• 2 Passport-sized photographs of proposed Designated Partners

• Latest Electricity Bill of the Proposed registered office address.

• Scanned copy of Rental agreement with NOC from owner

Process of Registration

 

• DSC : Get the DSC (Digital Signature Certificate) of the members of the LLP

• DIN: Apply for, and obtain the Director Identification Number.

• Name: Get Approval for the name of the LLP.

• Registration: Get the LLP incorporated under the LLP act of 2008 by filing the application along with the documents required.

• File the Limited Liability Partnership Agreement

 

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What we include along with LLP Registration

 

• 2 DINs and 2 DSCs

• Name reservations for LLP

• Drafting LLP Agreements

• PAN Application

• Corporate Identification Number (CIN)

• MSME Registration

• Support & felicitation for opening bank account

 

Statutory Compliances for Partnership firm

 

• GST Compliance

•  Income Tax Return filing

• TDS Returns

• Drafting Financial Statements.

• Tax Audit compliance.

• Accounting & Bookkeeping.

 

How do you approach R2B?

 

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