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BASIC

From 1,999
  • LLP Registration
  • Current Account
  • GST Registration
  • 2 Digital Signatures
  • PAN Application

Suitable for Startups and Small Businesses

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From 4,999
  • All of Basic Plan
  • 1 Year GST Filing
  • 1 Year MCA Filing
  • 1 Year DIN KYC
  • 1 Year IT Filing
  • 3 Digital Signatures

Suitable for Professional Users and Large Businesses

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Benefits

Here are some benefits of Limited Partnership Firm.

An alternate business structure that combines the benefits of a company and a partnership firm. Limited Liability Partnership (LLP) combines the benefits of a partnership with that of a limited liability company

LLP have limited Liability: The partners of the LLP is having limited liability which means partners are not liable to pay the debts of the company from their personal assets

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An LLP has partners, who own and manage the business. This is different from a private limited company, whose directors may be different from shareholders.

The life of the Limited Liability Partnership is not affected by death, retirement or insolvency of the partner. The LLP will get wound up only as per provisions of the LLP Act.

Documents Required from Directors, Shareholders

Documents Required for Registered Office Address

Requirements to register a Limited Liabilty Partnership.

No of Designated Partners
2 Designated partners
Contribution
No minimum contribution
Auditor
Not Required Initially
Statutory Audit
Not required initially

Access to Funding

Venture capitalists and private equity funds are likely to invest in Privalte Limited Companies. Hence, private limited companies better than the partnership entities.

Borrowing Capacity

The private limited companies in India enjoy the privileges of borrowing more funds than the LLPs as there are more options of taking debt.

Greater Credibility

A private limited company is required to make a lot of information about the structure, operations, and financials available to the Registrar of the companies.

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FAQs

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The registrar of companies (RoC) across India expect applicants to follow a few naming guidelines. Some of them are subjective, which means that approval can depend on the opinion of the officer handling your application. However, the more closely you follow the rules listed below, the better your chances of approval. First, however, do ensure that your name is available.

The designated Partner must be a natural person who is above 18 years of age. LLP Act 2008 allows a foreign national including Foreign Companies to incorporate an LLP in India, provided at least one designated partner is Indian.

An LLP can be started with any amount of money there is no such minimum requirement. A partner may contribute both tangible and intangible property.

A DSC is helpful in identifying the sender or the signee electronically. The Ministry of Corporate Affairs (MCA) has made it mandatory for all the designated partners to apply with the Digital Signatures.

Designated Partner Identification Number is a unique identification number that is assigned to all existing and proposed Designated partners of an LLP. All the present or proposed Directors must have a DPIN.

The time taken for incorporation depends on the submission of relevant documents by the client as well as the Approvals from the Government authorities. IndiaFilings can help you Incorporate an LLP in 14-20 days.

An NRI can be a designated partner in a Limited Liability Partnership if he has a Designated Partner Identification Number. However, at least one Designated Partner in the LLP must be a resident Indian.

No, new company registration is a fully online process. As all documents are filed electronically, you would not need to be physically present at all. You would need to send us scanned copies of all the required documents & forms.

FDI is allowed under automated route in an LLP by the Foreign Investments Promotion Board (FIPB). Note: Foreign Institutional Investors and Foreign Capital Investors are not allowed to invest in LLPs.

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