Limited Liability Partnership registration is a popular choice for startups and small businesses, blending the features of a partnership and a private company in India
Start-ups typically emerge when founders identify significant problems within existing companies or industries. These issues may range from inefficiencies in operations to unmet consumer needs or outdated services.
The formation of a start-up is driven by a combination of entrepreneurial vision and dissatisfaction with current solutions.
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Start-up company registration formalizes the establishment of the new venture. This process marks the beginning of a journey focused on growth and market penetration.
Limited Liability Partnership (LLP) is a popular and well known business structure in the world. Corporate Customers, Vendors and Govt. Agencies prefer to deal with LLP instead of proprietorship or normal partnerships.
The Limited Liability Partnership Act, 2008 also provides the benefit of Separate Legal Entity which says that the LLP is distinct from its Partners.
The cost involved in registration of a Limited Liability Partnership is much less than any other corporate entity.
LLP Agreement can be modified as per the requirements of the partners like addition or removal of partners, banking transactions.
LLP continues to exist beyond the existence of its Partners. This is not possible in traditional partnership firms.
There is no requirement of statutory Audit of a Limited Liability Partnership. It is only required in the specified cases.
Our expert consultants discuss your business requirements and objectives to determine the most suitable LLP structure.
We conduct a thorough name availability search and reserve a unique name of the LLP that complies with regulatory guidelines.
Our team assists in drafting the LLP agreement, outlining partner roles, profit-sharing, and operational procedures according to your specifications.
We facilitate the issuance of Digital Signature Certificates (DSC) for all partners involved in the LLP.
We prepare and file Form 2 (LLP incorporation application) and other necessary documents with the ROC on your behalf.
Our experts liaise with the ROC to verify the submitted documents and ensure compliance with LLP Act requirements.
Upon approval of company registration, we obtain the Incorporation documents from the ROC, establishing the legal existence of your LLP.
An LLP, also known as a Limited Liability Partnership, is a business structure that combines elements from both partnerships and companies. It offers partners the benefit of liability while retaining the flexibility of a partnership setup.
Partners in an LLP can be individuals or corporate entities. There must be at least two designated partners, one of whom must be an Indian resident. There is no limit on the maximum number of partners in an LLP.
Yes, LLP can be converted into a company by following certain terms and conditions as specified under the companies act, 2013.
LLPs can be set up without any capital requirement making them a popular option, for medium businesses.
LLPs must file annual returns with the Registrar of Companies (ROC) within prescribed timelines. They are also required to prepare and file financial statements, along with other compliances such as LLP agreement registration and tax filings.
The registration process for an LLP usually spans around 15 to 20 days, in India. The duration may vary based on the submission of documentation and the efficiency of government procedures.
