LLP is a legitimate substance separate from its partners which will have unending progression. Indian Partnership Act, 1932 shall not be applicable to LLPs and there shall not be any maximum limit on number of partners in an LLP unlike a partnership firm where the greatest number of partners can't surpass 20.A LLP has got advantages of having minimal compliance requirements and places partners only in limited liability , which implies just the sum put into beginning the business would be lost, all individual property would be safe in case of a negative event. It is relatively cheap to register a LLP and the same has got tax advantages compared to a Pvt Ltd
Step 1 : DSC & DPIN Applications -
Companies mentor assist you to take Digital Signature Certificate (DSC) for all proposed partners, which is a prerequisite for Digital Partner Identification Number (DPIN). Our team will verify that all the application structures filled accurately are submitted with few scanned records from you towards LLP enrollment.
Step 2. Submission of Name Request - You should select a unique name for your LLP to make a request with ROC. Companies Mentor would help you select a name suiting your business and would give you heads up on the probable rejection possibilities based on our experience filing such name requests.
Step 3. LLP Registration - Companies Mentor would send you a check list, mentioning the documents to be submitted towards the forms filing. Our team would collect from you the signatures , scanned documents, NOC from the property’s owner and other information relating the partners and LLP and submit them for the approval from MCA along with the forms prepared by us.
Step 4. PAN & TAN Application -
Every LLP, needs a Permanent Account Number (PAN) and Tax Account Number (TAN). Companies Mentor would apply online for your PAN and TAN , all we need you to do is to send us the hard copies of the required documents as intimated by us. Once registered , the PAN and TAN would be sent to the address mentioned in the deed by the concerned government office.
To avail our service/to know more about the same, ,kindly submit your name, email id and phone number in the above form for our experts to get in touch with you in a short while.
Frequently Ask Questions (FAQs)
Minimum number of Partners required to start a LLP ?
Is there any physical certificate for incorporation from the Government once the LLP is registered ?
No, instead a soft copy is sent once the LLP is incorporated.
Maximum number of partners allowed for an LLP ?
No such limitation.
List the annual compliance requirements for a LLP ?
LLPs excepts those with a turnover of less than Rs.40 lakhs or has a capital contribution less than Rs.25 lakhs are obliged to record a yearly filing with the Registrar each year.
What is a Digital Signature Certificate ?
Digital Signature Certificates (DSC) are the computerized equal (that is electronic configuration) of physical or paper authentications. Digital certificate can be displayed electronically to demonstrate your identity, to get to data on the Internet and to sign certain records digitally. Physical documents are signed physically, likewise, electronic records, for instance e-structures are obliged to be marked digitally utilizing a Digital Signature Certificate.
What are the advantages of a LLP ?
A LLP has got advantages of having minimal compliance requirements and places partners only in limited liability , which implies just the sum put into beginning the business would be lost, all individual property would be safe in case of a negative event. It is relatively cheap to register a LLP and the same has got tax advantages compared to a Pvt Ltd.