Process of Registration by Taxhub
Upload the basic Documents
Choose your Requisite plan and pay the Fees
Taxhub apply for DSC and file RUN for name approval
Taxhub file Requisite Form with supporting Documents
Get Your LLP Registration Docket
What is Limited Liability Partnership?
LLP stands for Limited Liability Partnership. It is an alternative corporate business form that provides the benefits of limited liability of a company along with the flexibility of a partnership. An LLP is a legal entity and is liable to the full extent of its assets but the liability of a partner is limited to their contribution in the LLP. In LLP, one partner will not be liable for the wrong doing of another partner. The partner will be held responsible only for his own actions. LLP is called a hybrid between company and partnership as it incorporates properties of both the organization structures.
LLP Registration Process in India
- Acquire the Digital Signature Certificate
- Application for DPIN of Designated Partners
- Application for approval of LLP Name.
- Application for Incorporation of LLP through E Form.
- Application for LLP Agreement though E Form.
Basic Documents Required
- Copy of Pan Card of Partners (Mandatory)
- Copy of any one i.e Aadhar Card, Voter ID, Passport and Driving License (As Identity Proof)
- Copy of any one i.e. Bank Statement/Electricity/Telephone (As Residence Proof)
- Designated Partner Passport Size Colour Photograph (Scan Copy)
If Property is owned by any Designated Partner or his relative
- Copy of Sale Deed of the Property
- Copy of any one utility bill i.e. Electricity/Telephone/Gas/Water/Mobile
- NOC from the Owner (Taxhub will provide a draft copy)
- Copy of Rent Agreement
- Copy of any one utility bill i.e. Electricity/Telephone/Gas/Water/Mobile
- NOC from the landlord (Taxhub will provide a draft copy)
6,499/-
All Inclusive Fees
| Two DSC, Two DIN |
| Draft & Execute LLP Deed |
| Stamp Paper Purchase* |
| Certificate of Incorporation |
| Obtain Firm PAN/TAN |
* Stamp Paper includes of Minimum Value i.e. ₹ 200/- (only)
8,499/-
All Inclusive Fees
| Two DSC, Two DIN |
| Draft & Execute LLP Deed |
| Stamp Paper Purchase* |
| Certificate of Incorporation |
| Obtain Firm PAN/TAN |
| GST Registration |
* Stamp Paper includes of Minimum Value i.e. ₹ 200/- (only)
9,999/-
All Inclusive Fees
| Two DSC, Two DIN |
| Draft & Execute LLP Deed |
| Stamp Paper Purchase* |
| Certificate of Incorporation |
| Obtain Firm PAN/TAN |
| GST Registration |
| GST Returns 3 Months |
* Stamp Paper includes of Minimum Value i.e. ₹ 200/- (only)
Beneifts of LLP Registration in India
Any two persons capable of entering into contract can start limited liability partnership. Cost of Incorporation of LLP is lower as compare to cost of Incorporation of Public or Private Limited Company. There is less compliance in the area of legal compilation, annual filing and passing resolutions as compared to the private limited company.
LLP can be started with as much as low capital. There is no such mandatory capital requirement specified in the LLP Act.
LLP have any number of Partners who are owner of the business. There is no specific limit on the maximum number of partners specified in the LLP Act.
The Partners of an LLP act as its agents and only have liability up to the amount they have contributed to the LLP – in particular, their capital contribution and undrawn profits. This is a significant advantage over a traditional partnership where the partners generally have unlimited liability.
There is no compulsion on the LLP to get its books of accounts to be audited from a Chartered Accountant unless it fulfils the following conditions
• When the contribution of LLP exceeds Rs. 25 Lakhs.
• When annual turnover of the LLP exceeds Rs. 40 Lakhs.
As per Income Tax Act, 1961 LLP is liable to pay tax on the profits earned by the LLP. There is no tax on the share of the Partners and hence No DDT (Dividend Distribution Tax) is payable.
Shares of a company are movable property and thus can be transferred like any other property. A public company can freely transfer its shares, but there are some restrictions.
The goods and services tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. The GST is paid by consumers, but it is remitted.
