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LLP Registration India

At Aavana We suggest easy way to Register a Limited Liability Partnership Firm We also Provide Online LLP Registration In Bangalore India.<br>

Lakshmiaavana
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LLP Registration India

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  1. INCORPORATION OF LLP IN INDIA

  2. LLP Registration Process Elements Essential for the Incorporation of an LLP According to the LLP Act, 2008, the following elements are essential for the incorporation of an LLP in India: ● Complete and submit the Incorporation document in the prescribed form, with the Registrar electronically. ● Have at least two partners, either individual or body corporate ● Have a registered office in India for sending and receiving communication Contact us: +91-80-40909797 / +91-9900328729 | Mail: info@aavana.in

  3. ● Appoint at least two individuals as designated partners. They will be responsible for doing all acts, matters, and things as required to be done by the LLP. Also, the designated partners should be resident in India. ● Execute the agreement between the partners or between the LLP and its partners. Further, if an agreement is not present, First Schedule of the LLP Act, 2008 are applied. the provisions in the ● Name of the LLP. It is important to note that the name should be distinct. The LLP cannot have a name which another LLP or Partnership firm or Company is currently using. Contact us: +91-80-40909797 / +91-9900328729 | Mail: info@aavana.in

  4. Process for the Incorporation of an LLP The following things need to be ensured for the incorporation of LLP: 1. Appoint/nominate partners and designated partners. 2. Obtain the DPINs and Digital Signature Certificates (DSCs) 3. Register a unique LLP name (applicant can indicate up to 6 choices) 4. Draft the LLP Agreement 5. File the required documents, electronically 6. Apply for the Certificate of Incorporation along with Limited Liability Partnership Identification (LLPIN) Number Contact us: +91-80-40909797 / +91-9900328729 | Mail: info@aavana.in

  5. The Contents of an LLP Agreement 1. Name of the LLP 2. Names and addresses of the partners and designated partners 3. The form of contribution and interest on contribution 4. Profit sharing ratio 5. Remuneration of partners 6. Rights and duties of partners 7. The proposed business 8. Rules for governing the LLP Contact us: +91-80-40909797 / +91-9900328729 | Mail: info@aavana.in

  6. Steps for the Incorporation of an LLP ⚫ Reserve the name of the LLP. Applicant files e-Form 1 to ascertain the availability and register the name of the LLP. Once the Ministry approves the name, it reserves it for the applicant for a period of 90 days. Also, if the LLP is not incorporated within that time frame, the reservation is removed and the name is made available to other applicants. ⚫ Incorporation of a new LLP. Applicant files e-Form 2 which contains the details of the proposed LLP along with details of the partners and designated partners. ⚫ File the LLP Agreement with the Registrar within 30 days of incorporation of the LLP. Applicant files e-Form 3. On obtaining approval of the LLP Agreement, the process of Incorporation of LLP is complete. Contact us: +91-80-40909797 / +91-9900328729 | Mail: info@aavana.in

  7. Why startup should be an LLP ⚫ LLP is a business format that combines the flexibility of a partnership and the advantages of limited liability of a company at a low compliance cost. ⚫ Limited Liability Partnership (LLP) is a partnership in which some or all partners have limited liability. It therefore exhibits elements corporations. In an LLP, one partner is not responsible or liable for another partner's misconduct or negligence. This is an important difference from that of an unlimited partnership. In an LLP, some partners have a form of limited liability similar to that of the shareholders of a corporation. of partnerships and Contact us: +91-80-40909797 / +91-9900328729 | Mail: info@aavana.in

  8. Need for LLP ⚫ For a long time, a need has been felt to provide for a business format that would combine the flexibility of a partnership and the advantages of limited liability of a company at a low compliance cost. ⚫ The Limited Liability Partnership format is an alternative corporate business vehicle that provides the benefits of limited liability of a company but allows its members the flexibility of organizing their internal management on the basis of a mutually arrived agreement, as is the case in a partnership firm. ⚫ This format would be quite useful for small and medium enterprises in general and for the enterprises in services sector in particular. Contact us: +91-80-40909797 / +91-9900328729 | Mail: info@aavana.in

  9. ⚫ An LLP is similar in some ways to a standard Partnership, except that the individual members have lower liabilities to any debts which may arise from running the business. There are more administrative duties involved compared to the partnership business structure. ⚫ In fact, an LLP is more similar to operating a Limited Company. In terms of liability, the Limited Liability Partnership is itself liable for debts run up in running the business, rather that the individual members of the LLP. ⚫ The LLP would typically select a "Designated Member" who would be responsible communications with Companies House, preparing accounts and acting for the LLP if for some reason it is dissolved further down the line. for maintaining Contact us: +91-80-40909797 / +91-9900328729 | Mail: info@aavana.in

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