Tax Unbound

Limited Liability Partnership Registration

What it means?

A limited liability partnership (LLP) is a partnership in which some or all partners have limited liabilities. It is a mix of traditional partnership and a company. In an LLP, each partner is not responsible or liable for another partner’s misconduct or negligence.

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Service Price options:

Beginner

From ₹18,200

From ₹13,000

✅2 Digital Signature Certificates (DSC Class 3)

✅ 2 Director Identification Numbers

✅ 1 Name Approval

✅ LLP Incorporation (Including Form FiLLip, Addendum to FiLLip)

✅ Includes Incorporation fees on Capital Contribution up to Rs 1. Lakhs

✅ Form 9: Consent letter (to act as a designated partner)

Subscriber’s Sheet for LLP

✅ NOC Draft letter (required from owner for rented accommodation)

✅ LLP Agreement Drafting

✅ LLP Form 3 (which includes LLP agreement details)

✅ Issue of PAN & TAN 

✅ 15-20 Working Days Delivery time

Standard

From ₹19,290

From ₹14,000

✅2 Digital Signature Certificates (DSC Class 3)

✅ 2 Director Identification Numbers

✅ 1 Name Approval

✅ LLP Incorporation (Including Form FiLLip, Addendum to FiLLip)

✅ Includes Incorporation fees on Capital Contribution up to Rs 1. Lakhs

✅ Form 9: Consent letter (to act as a designated partner)

Subscriber’s Sheet for LLP

✅ NOC Draft letter (required from owner for rented accommodation)

✅ LLP Agreement Drafting

✅ LLP Form 3 (which includes LLP agreement details)

✅ Issue of PAN & TAN 

GST Registration

✅ 20-25 Working Days Delivery time

All inclusive

From ₹20,300

From ₹15,000

✅2 Digital Signature Certificates (DSC Class 3)

✅ 2 Director Identification Numbers

✅ 1 Name Approval

✅ LLP Incorporation (Including Form FiLLip, Addendum to FiLLip)

✅ Includes Incorporation fees on Capital Contribution up to Rs 1. Lakhs

✅ Form 9: Consent letter (to act as a designated partner)

Subscriber’s Sheet for LLP

✅ NOC Draft letter (required from owner for rented accommodation)

✅ LLP Agreement Drafting

✅ LLP Form 3 (which includes LLP agreement details)

✅ Issue of PAN & TAN 

GST Registration

MSME Registration

✅ 20-25 Working Days Delivery time

Preliminary Documents Checklist

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Photographs of all Partners
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PAN Card of all partners
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ID Proof of Directors

Driving License/ Passport/ Voter ID

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Proof of Place of Business

Electricity Bill, Municipal Tax Receipt, Rent Agreement or Lease Agreement

Document Checklist Image for Company Incorporation
Sole Proprietorship process brief

Process Brief

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We Obtain DSC & Reservice your Company name
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Documents are checked & verified by our team
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Online form filing with filing of LLP Agreement
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PAN & TAN is obtained later

Key Benefits

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Helps in forming separate legal entity
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Required No mininum capital
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No mandatory Audit is required
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Enjoy having multiple relationships

A person can be a partner, employee or creditor of an LLP.

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Get various Tax benefits & Exemptions

Exempted from various taxes such as dividend distribution tax and minimum alternative tax.

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Compliances of LLP

GST Returns compliance for Sole Prop.

GST Returns

Monthly, Quarterly & Annual GST Returns are required to be filed for those who have opted for GST Registration and who crosses required thresholds.

bookkeeping compliance

Bookkeeping & Accounting

Bookkeeping records are required to be prepare in order calculate the exact profit and loss of the business. However not mandatory, but beneficial.

Income tax compliance for Sole Prop.

Income Tax Returns & Audit

Income tax returns needs to filed every year over taxable income. This may also require preparing Profit & Loss with Balance sheet & getting tax audit for business.

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ROC Annual Filing & Compliance

LLP are required to do annual filings with Register of Companies (ROC) & need to get Audited and follow regular compliance.

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MAT Audit

It is mandatory for the LLPs to get their accounts audited under MAT i.e. Minimum Alternate Tax. A report in form 29b is to be issued by a CA which certifies that MAT has been computed.

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LLP Agreement is a written contract between the partners of the LLP or between the LLP and its designated partners. It establishes the rights and a duty of the designated partners toward each other as well toward the LLP

Yes, it is mandatory to execute and file the LLP Agreement in view of Section 2(0) & (q) , 22 and 23 of the Act.

  1. LLP whose contribution is limited to Rs 1,00,000 – Rs. 500.
  2. LLP whose contribution exceeds Rs 1,00,000 but is limited to Rs 5,00,000 – Rs. 2000.
  3. LLP whose contribution exceeds Rs 5,00,000 but is limited to Rs 10,00,000 – Rs. 4000.
  4. LLP whose contribution exceeds Rs 10,00,000 – Rs. 5000.

There is no minimum capital requirement in LLP registration. 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.

Persons, who subscribed to the “Incorporation Document” at the time of incorporation of LLP, shall be partners of LLP. Subsequent to incorporation, new partners can be admitted to the LLP as per conditions and requirements of LLP Agreement.

  1. LLP is registered with Ministry of Corporate Affairs, while Partnership is registered to Register of Firm.
  2. In LLP, partners have separate legal entity and the liability is limited to the investment. However, in partnership firm, there is no separate entity to the partners, therefore, there is no limit to liabilities.
  3. In LLP, minimum two partners are required, and they must not be minor or ineligible to enter into a contract as per the Contracts Act. However, in Partnership firm, minimum two and maximum twenty partners and all must be eligible to enter into a contract as per the Contract Act.
  4. In LLP, Shares can be easily transferred to another person subjected to consent of other partners. Though the transferee does not become eligible to be a partner just by the transfer of shares. And same can be done in a Partnership firm, but the process is bit complicated compared to LLP.
  5. In LLP, annual filing is compulsory. But in Partnership, not compulsory.

DIN, Director Identification Number, is a unique 8 digit number required by any person proposed to be a Director in the Company.

It is an 8-digit unique identification number which has lifetime validity. Through DIN, details of the directors are maintained in a database.

The form DIR – 3 will allow only application for DIN allotment by for the individual willing to be appointed as Designated Partner of any existing LLP.

Digital signature or DSC is equivalent to physical certification but it is relevant electronically. It is needed by concerned department in various forms which required to comply with digital signature.

Digital signature or DSC is equivalent to physical certification but it is relevant electronically. It is needed by concerned department in various forms which required to comply with digital signature.

Yes, an existing partnership firm can be converted into LLP by complying with the provisions of clause 58 and Schedule II of the LLP Act. Form 17 needs to be filed along with Form 2 for such conversion and incorporation of LLP.

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