LLP Registration Services In Surat

1.      Ask a QuestionBecome a Partner nvoicing has been reduced to 10 crores from existing 20 crores respectively.Limit for E-Invoicing has been reduced to 10 crores from existing 20 crore Latest news:   Registrations  Compliance  Accounting  Advisory  Knowledge Centre  Contact Home / Registrations / Limited Liability Partnership (LLP) Easy Online Limited Liability Partnership Registration with Finaccle. ✓ Get Limited Liability Partnership registration within no time ✓ Enjoy hassle free Limited Liability Partnership registration processing with Finaccle ✓ Finaccle lays a groundwork for your business. BOOK A FREE CALL NOW Your name Your email Your phone Service State   GET FREE QUOTE TODAY! THREE STEPS FOLLOWED BY FINACCLE 1. Collect the documents relevant for LLP registration. 2. We shall apply for registration on your behalf. 3. You can enjoy all the benefits of LLP Registration. Introduction In India, the Limited Liability Partnership (LLP) is a well-known and popular business structure. The Limited Liability Partnership (LLP) concept was introduced in India by the Limited Liability Partnership Act of 2008. The basic idea behind the creation of a Limited Liability Partnership (LLP) is to provide a type of business entity that is simple to manage while providing the owners with limited liability.   LLPs are preferred by professionals, micro and small businesses that are family-owned or closely held due to their simple incorporation process and simple compliance formalities. Because LLPs cannot issue equity shares, they should not be used for any business that intends to raise equity funds from Angel Investors, Venture Capitalists, or Private Equity Funds. LLP is a separate legal entity that provides the benefits of a private limited company as well as the flexibility of a partnership firm, in which no partner is held liable for the misconduct of another partner and their rights and duties are governed by the LLP agreement. LLP can also become a member in another company.  

2. Eligibility Advisory  Registrations  Compliance  Accounting  Knowledge Centre  Contact ✓ Minimum 2 Designated Partners ✓ No limit on Maximum number of Partners ✓ One designated partner must be resident of India ✓ Minimum Capital – At choice of partners ✓ DIN of Designated Partners (If available) ✓ Digital Signature of Designated Partners Contact us Fill the form to contact us Your name Your email Your phone Service  Get started now! Features Separate Legal Entity: A limited liability partnership (LLP) is a separate legal entity from its partners with perpetual succession. It has the ability to own assets, sue, and be sued. No liability for negligence of other partner: The primary benefit of an LLP is that no partner can be held liable for the negligence or misconduct of other partners. Limited Liability: Except in cases of fraud, a partner's liability is limited to the amount of agreed contribution (capital) in the LLP Agreement Perpetual Succession: A limited liability partnership, unlike a general partnership, can continue its existence even after the retirement, insanity, insolvency, or even death of one or more partners. Business for Profit Only: Limited Liability Partnerships are not permitted to be formed for charitable or non-profit purposes. It is critical that the entity be formed to conduct a legal business in order to make a profit. Lower Compliance Requirement: In comparison to a private/public limited company, an LLP requires less compliance. Compliances related to board meetings, statutory meetings, and so on do not apply to LLPs. But, Limited Liability Partnerships are required to file the annual returns within 60 days from the end of the close of the financial year and account statement and solvency within 30 days from the end of six months of the closure of the financial year. Audit of accounts from professionals: If the capital contribution or turnover exceeds Rs. 25 Lakhs or Rs. 40 Lakhs, the LLP must keep proper books of accounts, and an audit is required. Documents required ✓ PAN Card ✓ Description of proposed business activity

3. ✓ Passport size colour photo of all partners ✓ Mobile No. and email id of designated partners Advisory  Knowledge Centre  Registrations  Compliance  Accounting  Contact ✓ Copy of resolution (if a body corporate becomes partner of LLP) ✓ Utility bill in name of the owner ✓ NOC from the owner of the premises ✓ Proof of registered office address (Rent deed/ lease deed) Benefits No requirement of compulsory Audit: All companies, whether private or public, irrespective of their share capital, are required to get their accounts audited. But in case of LLP, there is no such mandatory requirement. This is perceived to be a significant compliance benefit. A Limited Liability Partnership is required to get the tax audit done only in the case that: - ✓ The contributions of the LLP exceeds Rs. 25 Lakhs, or ✓ The annual turnover of the LLP exceeds Rs. 40 Lakhs Lower registration cost: When compared to the expense of forming a private limited or public limited company, the cost of forming an LLP is lower. However, the price gap between forming an LLP and forming a private limited company has narrowed in recent days. No requirement of minimum contribution: There is no minimum capital requirement in LLP. An LLP can be formed with the least possible capital. Moreover, the contribution of a partner can consist of tangible, movable or immovable or intangible property or other benefits to the LLP. Taxation Aspect on LLP: For income tax purpose, LLP is treated on a par with partnership firms. Thus, LLP is liable for payment of income tax and share of its partners in LLP is not liable to tax. Thus no dividend distribution tax is payable. Provision of "deemed dividend" under income tax law, is not applicable to LLP. Section 40(b): Interest to partners, any payment of salary, bonus, commission or remuneration allowed as deduction.   Glossary Incorporation: The act of creating or organizing a corporation under the laws of a specific jurisdiction. MoA: A Memorandum of Association is a document that contains the basic information which is required for incorporating a company. AoA: Articles of Association is a document that deals with the internal governance of a company. Registered Office: The statutory address of a corporation. In states requiring the appointment of a registered agent, it is usually the address of the registered agent. DSC: The DSC (Digital Signature Certificate) is an instrument issued by certifying authorities by which you can sign all the electronic documents.   

4. Why Finaccle Registrations  Compliance  Accounting  Advisory  Knowledge Centre  Contact ✓ Finaccle provides one-stop integrated Financial-Accounting-Legal solutions to its clients. ✓ You get all Financial, taxation, Accounting and legal solution under one roof. ✓ We are always Accessible, Approachable and Accountable. ✓ Our experts are up to date with the laws and have helped businesses like you register their LLP. ✓ We provide assistance in everything you need in incorporation of your LLP. The process of registration becomes easy with us.  ✓ Get your business paid faster and save time and effort with Finaccle.   FAQ's How can I convert my existing partnership firm into LLP? Is Foreign Direct Investment (FDI) Permitted in LLP? What is the minimum number of partners required to start LLP? Who can become a partner of an LLP? BOOK A FREE CALL NOW What they say about us Quick response to any query. Excellent services and Extremely polite and professional staff. Abhishek Taliya, 3Tee Elastic Private Limited Latest blog posts

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