LLP Registration Services In India | 24X7 Online Portal
Apply for LLP Registration Online at lowest fees in India by Law Street. Easy Process and Documentation. Register for Limited Liability Partnership Now!
LLP states Limited Liability Partnership and it is governed by the Limited Liability Partnership Act, 2008. It has got limited liability to the partners. In case of LLP, there are two partners involved, where there is no minimum limit of capital investment and one must be resident of India, i.e., he must be staying or have stayed for 182 days in India. LLP is often done for the small type of businesses in India. However, a LLP due to its nature does not allow to issue equity shares, thus it cannot raise money from the general public. One can register a LLP through us in a very less time.
The biggest advantage of LLP form of business over a Pvt Ltd Company is in the fact that there is less compliance requirement in comparison to a Company.
Fee: We do charge Rs.8499 in which you get:
- PAN & TAN
- GST REGISTRATION
- PARTNERSHIP DEED
- 1 DSC
Documents for LLP Partnership Registration
How We Work?
- Fill the form and make the payment
- Expert will call you and receive all necessary documents
- Will create DSC and the DIN number for director
- MOA and AOA drafting and submit
- Your documents will be filed and submitted to ROC
- Certificate will be sent by post
Advantages of LLP
An LLP is a separate legal entity. This means that it has assets in its own name and can sue and be sued. Furthermore, one partner is not responsible or liable for another partner’s misconduct or negligence.
Fewer compliance requirements
An LLP is much easier and cheaper to run than a private limited company as there are just three compliances per year. On the other hand, a private limited company has a lot of compliances to fulfil and conduct an audit of its books.
Easy to wind-up
Not only is it easy to start, but it’s also easier to wind-up an LLP, as compared to a private limited company. While it still takes two to three months to complete this process, it can take over a year to close a private limited company.
The liability of the partners is limited to the extent of his/her contribution to the LLP. Unless fraud has been detected, the personal assets of the partner are protected from any liability.
The partners are free to draft the agreement as they please, with regard to their rights and duties.
No owner/manager distinction
An LLP has partners, who own and manage the business. This is different from a private limited company, whose directors may be different from shareholders. For this reason, VCs do not invest in the LLP structure.