₹11,800
18% GST Included
Due to its distinctive qualities that combine the advantages of a company and a partnership firm, limited liability partnership (LLP) registration in India is a popular alternative for enterprises. It gives its partners limited liability protection in addition to the flexibility of a partnership organization. In India, this idea was first implemented in 2008 as part of the Limited Liability Partnership Act.
A minimum of two partners are needed to form an LLP and the registration process is easy and clear in India. The roles, responsibilities, and obligations of the partners are laid forth in the LLP agreement. The decisions made by one partner do not affect the decisions made by the other partners, unlike in a partnership business and each member is accountable for adhering to the LLP agreement’s requirements. For small and medium-sized firms searching for an adaptable and low-compliance business structure, LLP registration in India is a great choice.
FREQUENTLY ASKED QUESTIONS
Who is eligible to form an LLP in India?
To form an LLP in India, at least two individuals who are appointed as Designated Partners must be 18 years or older and have a valid Indian address. Foreign nationals, foreign corporate bodies, and limited liability partnerships are also eligible to be Designated Partners.
What is the cost of registering an LLP?
The cost of registering an LLP in India depends on the number of partners, their contributions, and other registration fees. Other expenses such as professional fees and stamp duty are also associated with setting up an LLP in India.
Is GST registration mandatory for an LLP?
Yes, all LLPs that offer goods or services are required to register for Goods and Services Tax (GST) and file GST returns periodically.
What is a Digital Signature Certificate (DSC)?
A DSC helps to electronically identify the sender or signee. All designated partners of an LLP must apply for a DSC.
What is a DPIN?
DPIN stands for Designated Partner Identification Number, which is a unique identification number assigned to all present and proposed Designated Partners of an LLP. All current or proposed Designated Partners must have a DPIN.
How long does it take to incorporate an LLP?
The time required to incorporate an LLP depends on the submission of relevant documents by the client and approvals from government authorities. However, with the help of Salah Karo, an LLP can be incorporated in 14-20 days.
Can NRIs or foreign nationals be designated partners in an LLP?
Yes, NRIs and foreign nationals can be Designated Partners in an LLP if they have a DPIN. However, at least one Designated Partner in the LLP must be a resident Indian.
Can LLPs receive Foreign Direct Investment (FDI)?
FDI is allowed under the automatic route in an LLP by the Foreign Investments Promotion Board (FIPB). However, Foreign Institutional Investors and Foreign Capital Investors are not permitted to invest in LLPs.
Can a Partnership Firm be converted into an LLP?
Yes, an existing partnership firm or an unlisted company can be converted into an LLP, which can bring in many benefits.
What documents are required to incorporate an LLP?
For the Partners, the required documents include PAN or Passport, any identity proof, bank statements, registered office proof, NOC from the landlord to use the registered office premises, and utility bills of the premises.
Is an LLP a good option for small and medium-sized businesses?
Yes, an LLP offers the benefits of both a partnership and a limited company, making it a good option for small and medium-sized businesses.
What are the compliance requirements for LLPs?
An LLP is required to file an annual return by filing Form 11, a final statement of account and solvency, and an income tax return.
Can an LLP raise funds from the public?
No, an LLP cannot raise funds from the public. Only partners can contribute their capital, and their liability is limited to the extent of their contribution
.REQUIRED DOCUMENTS FOR LLP REGISTRATION
PAN Card
Passport (Foreign Nationals Only)
Voters Identity Card
Ration Card
Driving License
Electricity Bill
Telephone Bill
Aadhaar Card
Bank Statement
Passport Size Photo
Recent Utility Bill (Business Place)
₹11,800
18% GST Included
SalahKaro, a game changing initiative of Aplus Advisory Solutions Pvt Ltd is a “Trusted and Reliable” Financial Advisor for all its patrons like Corporates, Businesses, and Individuals through its wide range of financial and legal service offerings.
APLUS ADVISORY SOLUTIONS PVT LTD
B-7/9, LGF, Block B 7, Arjun Nagar, Safdarjung Enclave, New Delhi-110029
(CIN: U74900DL2013PTC260544)
Fill in the details mentioned below to share your query with our team.
Once you have provided the details, our team will get back to you with updates on your query.