Limited Liability Partnership


Introduction


A limited liability partnership (LLP) is a partnership in which partners have limited liabilities registered under Registrar of Companies.Minimum 2 partners and maximum no limit can form this entity.


In an LLP, each partner is not responsible or liable for another partner's misconduct or negligence as compared to other partnership they can be held liable for the acts of other partners as well.


Benefits & Drawback


BENEFITS
DRAWBACKS
1  Legal Status, low cost of formation andeasy to form. 1  Cannot raise money from the public and           raise  IPO.
2  Risk, Losses, Debts are limited to the company assets. 2  Penalties are higher for non-compliance than            Private Limited Company.
3   Lesser Restrictions and Compliance than a private company 3  Higher incorporation cost as compare to             unregistered partnership firm.
4  No requirement of minimum capital contribution and no limit on           the maximum numbers of partners. 4  Audit after Rs.40Lacs turnover and             contributin capital of Rs.25Lacs.

RECOMMENDATION


The LLP formation is popular when a ‘professional partnership’ would like the benefit of limited liability. This is particularly suited to accountants, solicitors, architects, consultants, surveyors and other fields of expertise where a partnership is preferred to a limited company. For additional opinion please contact our advisor at zero fee.




DOCUMENTATION FOR REGISTRATION


1   Copy of PAN Card of all Partners 2   Copy of Aadhar / Voter ID / Passport / Driving License/             etc. of all Partners
3   One passport size photo of all Partners 4  Copy of Electricity Bill for registered address of             Business.
5   Additional Details – Suggested LLPName's, Nature of             Business, Shares Ration, etc.

TIME LIMIT FOR REGISTRATION


Generally it takes 10-15 Days for registration. Name will be granted in 2-5 Days and rest for registration of LLP.



Packages


My Three packages are :-

SILVER


Included

6,999/-

LLP Certificate
PAN/TAN Card
Legal Deed
Rent Agreement
2 Digital Signature
2 Director Number
Consultancy


GOLD


Included

7,999/-

LLP Certificate
PAN/TAN Card
Legal Deed
Rent Agreement
2 Digital Signature
2 Director Number
Consultancy
GST Registration




DIAMOND


Included

14,999/-

LLP Certificate
PAN/TAN Card
Legal Deed
Rent Agreement
2 Digital Signature
2 Director Number
Consultancy
GST Registration
GST Filing 1 Years