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Limited Liability Partnership is a type of Company registration in which some or all partners (depending on the jurisdiction) have limited liabilities.The central legislature approved LLP Act 2008 on 9 January 2009 which came into effect from 31 March 2009. LLP Registration offers features of both a partnership firm and a private limited company into a single entity that is LLP with less compliance. Limited Liablity Partnership can be registered with minimum two Partners. Every partner is not responsible for another partner’s misconduct. Each partner has its own liability towards the business. LLP is most preferred by small business owners and for those who are not willing to do huge funding in a business.The LLP Company registration has more trust than a General Partnership. The Annual maintenance of LLP firm is much cost effective as compare to Private limited Company registration or others.
LLP has a separate legal entity because of which the partners and the Limited Liability Partnership firm are distinct from each other. LLP is a jurisdiction person, which is created by law. This is like a company where partners are different from the company.
Low capital is required in LLP registration in India. As compared to companies, there should be a minimum amount of capital that should be brought by the members or owners who want to form it. In order to start a Limited liability partnership (LLP) firm, there is no requirement of minimum capital.
All the companies, whether private or public, irrespective of their share capital are required to get their accounts audited. There is no mandatory annual compliance in LLP. A limited liability partnership is required to get the audit done only if the contributions of the LLP Company exceeds ₹ 25 Lakhs or if the annual turnover of the LLP Company exceeds ₹ 40 Lakhs.
For LLP Registration in MCA, at least two members are required initially. However, there is no limit on the maximum number of partners in the partnership.
Obtain digital signature for the partners and apply for the DPIN (Designated Partner Identification Number). Designated Partner Identification Number (DPIN) is obtained for the proposed partners of the LLP firm. DPIN and DSC can be obtained for the proposed Partners within 1 to 3 days.
A minimum of one and a maximum of six name choices must be submitted to the MCA. Subject to availability, naming guidelines and MCA processing time, name approval can be obtained within 5 to 7 working days.
Incorporation documents can be submitted to the MCA along with an application for incorporation. MCA will usually approve the application for incorporation of LLP within 10 to 12 days, subject to their processing time.
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The licenses registered by us are 100% genuine and are issued by Government of India. However, we will provide you with all the validation, bills and receipts of each submission. Feel free to enquire!
We take full responsibility for our work and will issue you the licenses within the committed time period. Our team understand your problems and will provide full support in order to do the best for our valuable clients.
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GSB Taxation works at a National Level. We have a strong and dedicated team which works in all the 29 States of India.
Our consultancy provides more than 75 services which help in completing the entrepreneur dream of each individual.
We are here to help you! Our strong passionate team and connectivity lead in the completion of the most difficult registrations without any hustle.
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We at GSB Taxation believe in high quality and exceptional customer service but most importantly, we believe helping others should be the primary purpose of a good service agency. So, we strive to give the best services at the most affordable prices. We’ve come a long way, so we know exactly which direction to take when supplying you with high quality yet budget-friendly services. Whether it is a Private Limited Company Registration, LLP Registration, One Person Company Registration or an FSSAI License Registration, we got it covered. We know that it’s hard for a person to stand on its own. He/she have to think twice before taking any step. Therefore, GSB Taxation offers all of these and other major services with excellent and friendly support in order to do the best for you. We are here to help you in nourishing your business. Trust our dedicated team get ready to live your dreams with us.