Limited Liability Partnership: How to start this company
It is not a simple thing to start an LLP. This is why you need the services of experts. We have the experience to help you get the best results in the fastest times. We will focus on the process because you focus on lifting your business off the ground. We will hold you by the hand until we make sure that your business gets a successful approval in India.
We will guide you to register your LLP
You need to know how to start your LLP. This is not a simple process in India. This is because you need to follow a due process. As a new business owner, you may not know the specific process to use before you get your LLP. As experts, we know the right path to use and get your business approved in a matter of days.
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Limited Liability Partnership Incorporation Guide
Are you qualified to start an LLP in India?
To start your LLP, you will need to meet the following requirements:
- You need at least 2 founding partners
- One of the founders should be living in India
- The business should have a name
- It should have a registered office location
- You should have enough funds for its initial activities
Documents you need to start an LLP
You will need the following documents to start this company in India:
- All partners will provide their ID cards
- Each partner will provide their proof of residence
- A photograph of each partner
- A document of business registration
- A bank account for the business
Proof For Partners
- PAN card (A Must Proof)
- Passport Scanned copy (if foreign nationals & NRIs).
- Aadhar Card Scanned copy (Details of Spelling of the Name and D.O.B must be similar in Aadhar and PAN if not it has to be changed before applying for ROC)
- Aadhar Card or Driving License or Voter ID
- Recent bank statement or electricity bill or Telephone bill as Residency Proof
- Passport size photo seamless white background
- Partners’ Approval for LLP Formation
Address proof of Business Property
- The Rental Agreement must submit the notarize scanned copy. Agreement must be written in English and other languages are not accepted
- Recent Bank statement or Telephone or Mobile Bill or Electricity or gas bill Scanned copy of anyone.
- Scanned copy of NOC – No objection certificate from the property owner.
You need to pass all the steps involved to get your LLP. With the right advice, the process can be made very short. You can get a quick approval by using our expert guide. The steps involved here includes:
- Knowing the requirements
- Pass through the first eligibility check
- Submit the right documents
- Provide a valid business name
- Choose the right location for your business
- Open your bank account
Our services to helping you get your LLP
You can use our help to start your LLP. We provide you with expert services that ensure a quick approval. We help you get the right documents with little effort. It can be a lot more difficult if you do this without an expert help. Let us vet your documents and help you submit them for quick approvals.
- DSC & DIN for two Partners
- LLP Name Approval (Form-1)
- Certificate of Incorporation
- Drafting LLP Agreement
- Government Fees (Reg. Fee & Stamp Duty)
- Filing LLP Form-3 (Within 30 days of incorporation)
- Pan & Tan Card for the LLP
LLP: What you need to do after incorporation
As soon as you get your LLP approved, there are also some tasks that you need to complete. You will have to ensure that you pay all taxes that you accrue on an annual basis.
The time it takes to start your LLP in India is usually about 10 working days. However, the actual timeline will depend on how fast you are able to get an approval. You can focus on your best and allow our experts to help you get fast approvals with 100% success rates.
All About Limited Liability Partnership
About this type of company
The LLP is a type of company that is started with two founders or more. This is a hybrid company that comes with the benefits of a partnership and a regular company.
The structure of this company
This company is formed by two or more partners. It has a structure of a partnership and a regular company. There could be as many partners as possible with an LLP. However, the minimum number of partners should be two.
Benefits and drawbacks of an LLP
Advantages of an LLP
- It comes with a low startup cost
- Lesser requirements
- Does not need any minimum capital
Disadvantages of an LLP
- Income tax can be very high
- You need two members to start this company
- All income must be made public
Start your LLP now
You can start your LLP in India now. We have the required services to help you get a smooth business start. With our expert help, you are sure of 100% success with starting your LLP.
Frequently Asked Questions
An LLP is a firm that has both the features of a private company and a partnership.
There are many advantages such LLP protection among the partners, management flexibility, pass-through taxation and other supportive regulatory requirements.
Before you start your LLP registration, you should ensure that you meet all the necessary conditions. Our job involves providing the necessary support to make sure you meet the necessary requirements.
Unlike big companies, LLPs do not follow too many rules and regulations. This is why the registration process is easy and fast.
LLP can be converted into a company as per the rules 2014 as per the provisions contained therein.
The process of registering your LLP is done online. We will support you throughout this process to ensure that you follow all the rules.