Limited Liability Partnership (LLP) is a legal and separate entity. It is registered under Limited Liability Partnership Act, 2008. Limited Liability Partnership is overall a good Legal structure for business, combining the leverage of both Company as well as Partnership firm. It shall have Minimum 2 Designated Partners and at least one of them shall be Resident of India. A Foreign National can be the Designated Partner as well as Partner in the Limited Liability Partnership.
Compliances are lesser in LLP as compared to a company, yet the partners have limited liability since LLP acts as a legal entity separate from partners.
In Limited Liability Partnership, the liability of Partners is limited up to contribution they have agreed upon to contribute; it is a major benefit to the Partners of the Limited Liability Partnership. Partners would not be liable for anything other than their investment in the business. There are no Restrictions on entering into any legitimate contract with related Parties. Further to that there are no restrictions with regards to financials transactions like loans from partners and investments in market and incorporate transactions.
Another major advantage of Limited Liability Partnership Formation is that it is easy to attract quality employees as well as to motivate them with corporate designations.
Tax Baniya will help you in all your requirements regarding the registration of Limited Liability Partnership and other formalities. Our Business advisors will give solutions to all your queries regarding the Limited Liability Partnership Registration and help you to take your decisions easily. Tax Baniya started with the simple idea that doing business in India should be very easy. Our growing team of young hard working professionals is our biggest asset. Our team puts the consumer first, and work meticulously to ensure that documents are filled correctly and swiftly. Tax Baniya is leading Registration Service Provider and acts as a Consultant in Mumbai, Delhi, Chennai, and Bangalore and across India.
*(Above 2 Designated Partners, extra Rs. 2500 /- Per Designated Partner)
Note: An additional fee of Rs. 15,000/- (For FCGPR filing with RBI) will be applicable for incorporation of an LLP with foreign Partners.
Check Company Name Availability
- DPIN of Designated Partners
- DSC of Designated Partners
- LLP Agreement
- Incorporation Certificate of LLP
- PAN of LLP
- TAN of LLP
Steps to Form Company
Collect Checklisted Documents
Information & Photos
PREPARE DOCUMENTS, LLP DEED & GET SIGNED
Upload with desired name in FILLIP Form
& Submit LLP Agreement
- Certificate of Incorporation : 10 – 15 days after all Documents
- PAN Card : 10 – 15 days after certificate of commencement (Physical PAN)
- E-PAN : within 5 – 7 days
- GST Registration : 2 – 3 days after PAN Number Allotment