Limited liability Partnership (LLP) is a separate legal entity under the Limited liability partnership Act, 2008, carrying on the same benefits of the partnership firm but with a limited liability feature. It is easily one of the best options for service organisations as they are less in compliance in a professional business structure.
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After the discussion and submission of required documents, service will delivered. Time of delivery may differ based on the service.
Benefits that are yielded by choosing this service are numerous as mentioned below
In partnership firms, Partner's liability is unlimited and at risk incase the business fails to repay its loans and liability. So, partner's personal savings and property would be at risk. But in an LLP, only its investment is made liable.
Corporate Customers. Vendors and authoritative Govt. Agencies prefer to transact with private limited instead of proprietorship or partnership firms.
LLP is not required to conduct a statutory audit and also tax audit is made mandatory only when their contributions exceeds Rs. 25 lac and turnover exceeds Rs. 40 lac.
LLP's existence continues irrespective of partner's existence, which is not possible in case of partnership firms.
List of Documents that are required to proceed with this service package are
PAN card copy of the Director and Shareholder.
Photo ID proof of director - Voter ID or Passport or License
Proof of registered office, Updated gas or electricity bill or Property tax receipt
Passport size photograph
Specimen signature or impression
Copy of rental agreement and no objection certificate from the owner of the property
Criteria that should be satisfied to be eligible to choose this service package are
Minimum 2 Partners
Director Identification Number (DIN) for all the Designated Partners
Incase of a body corporate being a partner, Nominee should be a natural person
Digital Signature Certificate (DSC) for all the Designated Partners
Contribution by each Partner towards Capital of LLP
Deliverables that you will receive by choosing this service are
DIN for 2 Partners
LLP agreement draft and filing
Bank Account and Payment Gateway Integration Support
Digital Signature for 1 Partner
LLP PAN Card
Incorporation Certificate
LLP TAN/TDS Number
GST Registration
List of typical questions that you might ask regarding this particular service are
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