5 SIMPLE STEPS to Register Limited Liability Partnership (LLP)
1 Arrange basic documents of Partners
2 BMC will apply for DSC (Digital Signature) of Partners
3 BMC will Prepare other Legal documents
4 BMC will File Incorporation Docs with ROC
5 Get your LLP Incorporation Certificate
ADVANTAGES & BENEFITS Why to Register LLP
Limited Liability Protection to Partners personal assets
Many times startups need to borrow money and take things on credit. In case of normal Partnerships, Partners personal savings and property would be at risk incase business is not able to repay its loans. In an LLP, only investment to start a business is lost, personal assets of the Partners are safe.
Better image and credibility in Market
Limited Liability Partnership (LLP) is a popular and well known business structure in the world. Corporate Customers, Vendors and Govt. Agencies prefer to deal with LLP instead of proprietorship or normal partnerships.
No Audit Requirement & Minimal Compliances
LLP is easy to manage and statutory audit is not required for Limited Liability Partnership. LLP is most ideal for small enterprises. Tax Audit is also not required for LLPs with capital less than Rs. 25 lac and turnover not exceeding Rs. 40 lac.
Continuity of Business
LLP continues to exist beyond the existence of its Partners. This is not possible in traditional partnership firms.
MINIMUM REQUIREMENTS for LLP Registration
1 Minimum 2 Partners
2 If a body corporate is a Partner, it has to nominate a natural person as its Nominee
3 There is no concept of share capital, but each Partner has to contribute towards capital of LLP
4 DIN (Director Identification Number) for all the Designated Partners
5 DSC (Digital Signature Certificate) for all the Designated Partners6Address proof for office of LLP
WHAT ALL YOU GET With your New Limited Liability Partnership Formation
1DIN for 2 Partners
2 Digital Signature for 2 Partners
3 Incorporation Certificate
4 LLP Agreement
5 LLP PAN Card
6 LLP TAN/TDS Number
7 Bank A/C Opening Document Support
8 Domain + 1 year Hosting + 50 Emails or
9 Online Accounting Software for 1 year
10 Master File of all docs filed for Incorporation
11 Dedicated Service Manager
12 Award Winning – ISO certified Team