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Limited Liability Partnership

In an LLP, some or all partners have a form of limited liability similar to that of the shareholders of a Company. Unlike corporate shareholders, the partners have the right to manage the business directly. It is governed by the Limited Liability Partnership Act, 2008. The basic premise behind the introduction of Limited Liability Partnership (LLP) is to provide a form of business entity that is simple to maintain while providing limited liability to the owners. Owners will have protection of a registered firm.

In an LLP, each partner is not responsible or liable for another partner's misconduct or negligence. LLP can operate not according to Companies Act, 2013 but as per the LLP agreement formed at the time of its incorporation. LLP is one of the easiest form of business to incorporate and manage in India. With an easy incorporation process and simple compliance formalities, LLP is preferred by Professionals, Micro and Small businesses that are family owned or closely-held.

At “my easy filling” we will make the process of incorporating Limited Liability Partnership very smooth and easy.

 

Advantages of Registration

  • Limited liability of the partners
  • The partners of a LLP have the right to manage the business directly.
  • Low cost of formation
  • Less government intervention
  • No limit of maximum number of partners in LLP
  • Separate legal entity
  • No need of compulsory audit but a limited liability partnership is required to get the audit done only if:
    • the contributions of the LLP exceeds Rs. 25 lakhs or
    • the annual turnover of the LLP exceeds Rs. 40 lakhs
  • Perpetual succession
  • Uninterrupted existence

Documents Required 

  • Passport size photograph of the partners
  • Identity and address proof of partners
  • Copy of pan card of partners
  • Proof of registered office - utility bill/rent agreement/sale deed
  • No objection certificate from landlord
  • Profit sharing, capital and other specific terms

Packages

Silver

. 8501.00/- inclusive of all fees
  • LLP Deed
  • Registration of LLP with 2 Dsc and DIN
  • PAN and TAN registration
  • MSME registration
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Gold

. 10501.00/- inclusive of all fees
  • LLP Deed
  • Registration of LLP with 2 Dsc and DIN
  • PAN and TAN registration
  • MSME registration
  • GST registration
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Platinum

. 13501.00/- inclusive of all fees
  • LLP Deed
  • Registration of LLP with 2 Dsc and DIN
  • PAN and TAN registration
  • MSME registration
  • GST registration
  • Three months accounting upto 100 entries per month and GST return filing
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