LLP Registration,a prime reason why it has evolved is that of its simplicity in a formation and
easy maintenance. It helps owners also to limit their liabilities. This is the
biggest advantage of an LLP over a traditional partnership firm.
Incorporating LLP company has both Limited Liabilityfeatures of a
Private Limited company and the flexibility of a
Partnershipfirm. No partner is liable on account of unauthorized actions of otherpartners, thus individual partners are shielded from joint liability created by
another partner’s misconduct. LLP form of organization is usually preferred by
Professionals, Micro and Small businesses that are family owned or
closely-held.
LLP registration procedure is the easiest and transparentprocess as it has a blend of the benefits of a company and partnership firm
namely, limited liability feature of a company and the flexibility of a
Partnership firm. Procedure of LLP registration is not lengthy as you can file
your incorporation form online. Online LLP registration procedure will save you
a lot of time and energy. LLP registration process includes following steps:
- Get a digital signature (DSC)
[/*]- Apply for Director Identification Number (DIN)
[/*]- Get the name of the company approved
[/*]- Incorporation of LLP
[/*]- File ‘Limited Liability Partnership Agreement’
[/*][/*]
Government Fees / Cost for LLP registration:For registration of Limited Liability Partnership,government fees are as below. Note that there are additional costs such as DIN
application fees, stamp duties, LLP form filing fees as well:
- Limited Liability Partnership whose contribution does not exceed Rs. 1 lakh Rs.
500/- [/*]- Limited Liability Partnership whose contribution exceeds Rs. 1 lakh but does not
exceed Rs. 5 lakhs Rs. 2000/- [/*]- Limited Liability Partnership whose contribution exceeds Rs. 5 lakhs but does not
exceed Rs. 10 lakhs Rs. 4000/- [/*]- Limited Liability Partnership whose contribution exceeds Rs. 10 lakh Rs. 5000/-
[/*]
However, it may vary according to the stamp duties ofrespective states.
Every LLP is required to have at least two DesignatedPartners who shall be individuals and at least one of them shall be a resident
of India. The mutual rights and duties of partners shall be governed by the
agreement between LLP and the partners. This Agreement would be known as “LLP
Agreement”.
EbizFiling.com is an eminent business platform and aprogressive concept, which helps end-to-end incorporation,
Secretarial compliance,
Startup advisory, and management consultancy services toclients in India and abroad. Incorporating a Limited Liability Partnership is
completely online, easy, seamless, cheapest and quickest with EbizFiling.com.
Also file your
LLP Annual filing with Ebizfiling.com!
Suggested Read:
LLPregistration Process and fees in detail. You may get in touch with our compliance manager on09643203209 or email
[email protected] for free consultation.
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https://www.ebizfiling.com/ Visit Link -
https://www.ebizfiling.com/service/limited-liability-partnership/
