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Procedure for Incorporation of LLP

Limited Liability Partnership entities have been introduced in India by method for Limited Liability Partnership Act, 2008. In LLP, one of the most important benefits is that all partners are not responsible for the misconduct or negligence of another accomplice. In Limited Liability Partnership, the liabilities of the partners are limited up to their contribution to LLP; personal properties are not attached to settle creditors.<br>For more information visit us (link): https://enterslice.com/limited-liability-partnership<br>

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Procedure for Incorporation of LLP

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  1. A COMPLETE REGISTRATION GUIDE LIMITED LIABILITY PARTNERSHIP Type your text by Enterslice Fintech Private Limited

  2. Overview LLP REGISTRATION LLP or Limited liability partnership (LLP) is a form of business organization in India. An LLP registration offers more advantages to business owners in comparison to the general partnership.An LLP offers advantages of both a company as well as of a general partnership

  3. The Limited Liability Partnership Act, 2008 governs the conduct of LLP's. Additionally, every LLP in India needs to add the word ‘LLP’ as suffix at the end of the LLP’s name. LLP is the preferred form of business among professional service providers and small and medium size business owners. Businesses that are family-based or closely held by few people prominently opt for an LLP registration in India. Limited liability partnership registration is the official process of incorporation of LLP form of business organization. The business partners provide necessary documents to the Ministry of corporate affairs to obtain the certificate of incorporation.This process is executed with the help of professionals.

  4. BENEFITS OF AN LLP LIMITED LIABILITY NO MINIMUM CAPITAL REQUIREMENT The personal assets of the partners will not be confiscated to pay the losses incurred by the company. There is no minimum capital requirement for incorporating an LLP. NO AUDIT REQUIREMENT EASY TRANSFER OF OWNERSHIP There is no requirement for an audit in case of LLP's unless the annual turnover crosses the limit of 40 lakhs INR or the capital contribution exceeds 25 lakhs INR. There is a facility for easy transfer of ownership in an LLP. Unlike, the traditional partnership,

  5. MINIMUM REQUIREMENTS TO REGISTER AN LLP FIRM Minimum of two designated partners One Indian Partner Designated Partners Identification Number DSC (Digital Signature Certificate) Registered office

  6. Necessary Documents for LLP Incorporation in India A Checklist

  7. FROM ALL DESIGNATED PARTNERS PAN CARD IDENTITY PROOF PHOTOGRAPH AADHAAR CARD ADDRESS PROOF PASSPORT

  8. FOR PROPOSED REGISTERED OFFICE LATEST REGISTERED ADDRESS PROOF (ELECTRICITY BILL OR PROPERTY TAX RECEIPT OR WATER BILL OR LANDLINE BILL) NOC FROM THE OWNER SCANNED COPY OF NOTARIZED RENTAL AGREEMENT, IF THE PROPERTY IS ON RENT

  9. REGISTRATION PROCEDURE STEP BY STEP PROCESS APPLY FOR DIGITAL SIGNATURE CERTIFICATE (DSC) NAME APPROVAL FILING OF INCORPORATI ON APPLICATION FILE LIMITED LIABILITY PARTNERSHIP AGREEMENT STEP 5-FILE PAN APPLICATION

  10. COMPLIANCE REQUIREMENTS POST-INCORPORATION COMPLIANCES PARTNERSHIP AGREEMENT FILING APPLY FOR PAN & TAN OPEN BANK ACCOUNT

  11. ANNUAL COMPLIANCES REQUIREMENTS FOLLOWING RETURNS ARE REQUIRED TO BE FILED STATEMENT OF ACCOUNT & SOLVENCY LLP ANNUAL RETURN INCOME TAX RETURN

  12. PENALTY PROVISIONS In the case of MCA Filing In the case of MCA Filing Penalty Amount Penalty Amount Rs. 5,000 is imposed on it and filing is to be completed by 31st December of that year. A fixed amount of Rs. 100 per day for each compliance that is not filed. No maximum limit is specified.

  13. @enterslice @enterslice WWW.ENTERSLICE.COM @enterslice

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