Limited Liability Partnership Registration
Register your LLP starting at Just ₹ 6,999/- only
Get Started By paying Rs. 6,999/-
Introduction of Limited Liability Partnership
The main object behind is that one partner should not be liable for the acts or negligence of other partners. It combines the features of Partnership and a Company like separate legal entity, limited liability etc. Further, it involves less legal formalities and is easy to register.
People often get confused between the selection of their entity whether to go for private limited company or for LLP. LLP is for those people who want to run safe and risk free business and do not want to raise any funding in future from the market and maintain a less compliance entity.
Sprinthub Solutions has team of experts providing you the best assistance, timely delivery and guaranteeing the highest customer satisfaction with respect to LLP formation process. You may get in touch with our team on 096436-69475 or email info@sprinthub.in for LLP registration and LLP Compliance services.
Advantages of Limited Liability Partnership
Limited Liability
Likewise Companies the Liability of Partner of LLP is limited to the amount of capital contributed by them limiting the risk of business and thereby safeguarding the assets of Partners.
Less Compliance Formalities
The Limited Liability Partnership involves less compliance burden in comparison to any other corporate entities in thereby making it cost friendly also.
No compulsory requirement of Audit
There is no requirement of statutory Audit of a Limited Liability Partnership. It is only required in the specified cases.
Separate Legal Entity
The Limited Liability Partnership Act, 2008 also provides the benefit of Separate Legal Entity which says that the LLP is distinct from its Partners.
Lower Registration Cost
The cost involved in registration of a Limited Liability Partnership is much less than any other corporate entity.
Flexible Agreement
LLP Agreement can be modified as per the requirements of the partners like addition or removal of partners, banking transactions.
Documents Required for Incorporation
Note:- In case of NRI or Foreign National documents of Directors and Subscribers must be notarized or apostillled.
Passport size photograph of all the partners
Proof of Address (Utility Bill/Bank Statement/Telephone Bill which should not be later than 2 months)
PAN Card of all partners
Business Address Proof :Owned Property (Copy of Registry and Latest Govt. Electricity Bill or Water Bill)
Proof of Identity (Driving License/Voter ID Card/Passport) of the Partner
Business Address Proof Rented/leased: (Rent Agreement, NOC from the Owner, Latest Govt. Electricity Bill or Water Bill)
Process of Incorporation of Limited Liability Partnership(LLP)
Complete the Application Form
You are requested to first fill the simple questionnaire provided by our expert team.
Name Availability
The next step is to check the name availability. Now you need to let us know 3 names which should be unique in nature and should not be similar to name of any other entity registered. It may take at least 1-2 days.
Get Certificate of Incorporation
Lastly, after the approval a Certificate of Incorporation will be provided through e-mail which signifies that the LLP has been incorporated.
Document Processing
At the second step we will be requiring the documents in accordance with the questionnaire filled by you so that we can arrange them as per the requirement and for processing.
E-filing for incorporation of a Company
Once the name is approved, an online application is required to be filed through E-Form Fillip along with the requisite documents as obtained with ROC. This process again takes 2-3 days.
Filing of LLP Agreement
Within 30 days of the incorporation, LLP Agreement as drafted by our team will be shared and after approval from the partners it will be printed on the stamp paper and will be filed with the Registrar of Companies.
Limited Liability Partnership Company ₹6,999/-
2 Digital Signature Certificates
1 Name Approval Application under RUN
LLP Incorporation Certificate
2 Director Identification Numbers
Draft LLP Agreement (Stamp Duty and Notary Excluded)
PAN
Choose the right entity type after comparing different business structures
| Basis | Private Limited Company | Public Limited Company | One Person Company | Limited Liability Partnership | Partnership Firm | Proprietorship Firm |
|---|---|---|---|---|---|---|
| Registration Requirement | Companies Act, 2013 | Companies Act, 2013 | Companies Act, 2013 | LLP Act, 2008 | Registered/Unregistered | No Specific Criteria |
| Number of members | 2 – 200 | 7-∞ | Only 1 | Unlimited | 2 -50 partners | Only 1 |
| Number of Director | 2-15 | 3-15 | Only 1 | 2 designated partners | NA | NA |
| Naming of Entity | Unique | Unique | Unique | Unique | No Guidelines | No Guidelines |
| Capital Requirement | Zero | Zero | Zero* | Zero | Zero | Zero |
| Liability of Entities | Limited | Limited | Limited | Limited | Unlimited | Unlimited |
| Foreign Investment | Eligible | Eligible | Not Eligible | Eligible | Not Allowed | Not Allowed |
| Statutory Audit | Mandatory | Mandatory | Mandatory | Mandatory | Not Required | Not Required |
| Compliance Level | Annual Compliance | Annual Compliance | Annual Compliance | Annual Compliance | Less Compliance | Zero Compliance |
| Tax Rate | 22% | 22% | 22% | 30% | 30% | Individual Tax Rate |
| Know more | Know More | Know More | Get Started | Know More | Know More |