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FEATURES OF LIMITED LIABILITY PARTNERSHIP FIRM

CHARACTERISTICS OF LLP COMPANY!!

SEPARATE LEGAL ENTITY

According to Section 3 of the Limited Liability Partnership Act, 2008, an LLP is a body incorporated and a legal entity separate from its partners with perpetual succession

After LLP registration online, if you wish to change the present management structure, it can be easily done.. Cost of addition or removal of partners is very nominal and hardly take a day to give effect.

NO AUDIT OF BOOKS OF ACCOUNTS

Limited Liability Partnership registration must keep annual accounts, with audits required only if the contribution exceeds Rs 25 lakh or the annual turnover exceeds Rs 40 lakhs. Every LLP must file an annual statement of accounts and solvency with the Registrar of Companies (ROC).

LIMITED LIABILITY

Partners’ liability is limited to the amount of money they put into the business. A partner is responsible for his own wrongdoings. An individual is not liable for the negligence or misconduct of the other partner.

QUICK BUSINESS TRANSFER

Transferring the ownership of LLP is quite simple. All you have to do is to appoint new designated partners and remove the old ones. That’s it!

SLOWER ANNUAL COMPLIANCE FEES

Annual Compliance fees are extremely lower than that of Private Limited Companies as Audit of Books of Accounts are not required upto prescribed limit.

ATTRACTS MORE CUSTOMERS

New Customers often attracts to registered. stable and fast growing businesses. Thus, LLP’s comes into this picture. Customers rely more on this type of business structures.

PERPETUAL EXISTENCE

LLP has Perpetual Succession, i.e. uninterrupted existence until it is legally dissolved. LLP is unaffected by the death or other departure of any partner but continues to be in existence.

BRAND BUILDING

Branding is crucial aspect of LLP because it is the visual voice of the company and it is easy for LLP’s to emerge as a brand. Also, customers, banks, etc are attracted towards a brand, giving LLP registration an advantage.

LLP REGISTRATION PROCEDURE

MORE SIMPLE THAN IT LOOKS!

1. PREPRATIONS OF DIGITAL SIGNATURE (DSC)

1st we apply for DSCs and then DPIN (Designated Partner Identification Number) of all the Partners. Digital Signatures are required for signing all the documents while incorporating your LLP.

2. CHOOSING UNIQUE NAME FOR YOUR LLP

Meanwhile applying for your DSCs, we help you in selecting Unique Name for your dream LLP. This process completes on same day.

3. PREPARATION OF LLP DEED/ AGREEMENT

Next, LLP Deed is to be prepared on Stamp Papers, which determines the mutual rights and duties between the LLP and the partners and amongst the partners.

4. PREPARING FORMS AND DOCUMENTS

After completing the above 3 steps, we now start preparing all the necessary e-forms and documents that are required for LLP registration process online. These forms and documents once prepared are sent to you for verification and are then filed on the portal.

5. FILING E-FORMS WITH MCA

Once the document verification is complete, our experts will file and submit these e-forms on the MCA portal and submit the OPC company registration fees.

6. ALLOTMENT OF COI, PAN & TAN

After getting the approval from the department, it will issue your company’s COI, PAN & TAN. Your OPC company registration details will now be visible on the MCA portal. After receiving the documents, you can now open your company’s bank account and start its operations

FEATURES OF LIMITED LIABILITY PARTNERSHIP FIRM

LLP REGISTRATION PROCEDURE

Vipin Shrivastava

Sai Kiran,

Sanjay Pandya,

We are available

Just call at +91 88506 13828