How to Register LLP in India
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Limited Liability Partnership (LLP) is a business structure that allows for limited liability as in a company but maintains the tax transparency of a partnership. It provides benefits over both limited companies and partnership firms such as lower compliance requirements and the ability to have both foreign and resident partners. The process of registering an LLP involves getting a quote on the CompaniesCart website, selecting the relevant state and contribution details, placing an order, and receiving assistance from executives to complete registration.
How to Register LLP in India
- 1. Limited Liability Partnership (LLP) Registration
- 2. About LLP (Limited Liability Partnership) LLP, a legal form available world-wide, introduced in India and is governed by the Limited Liability Partnership Act 2008, with effect from April 1, 2009 Limited Liability Partnership (LLP) is a corporate business vehicle that provides both the benefits of a company and partnership firm i.e. limited liability and allows its members the flexibility of organizing their internal structure as a partnership based on a mutually arrived agreement. Visit us @ www.companiescart.com
- 3. Salient Features •Body corporate and separate legal entity from its partners •Liability of partners limited to their contribution •No requirement of minimum capital contribution •Perpetual existence irrespective of changes in partners •Rights and duties of partners shall be governed by an agreement between partners. •Minimum two partners require as of whom at least one shall be resident in India. •No restrictions as to maximum number of partners •No requirement of audit if contribution from partner does not exceed Rs 25 Lacs OR annual turnover does not exceeds Rs 40 Lacs. •A firm, private company or an unlisted public company can also be converted into LLP. •The Indian Partnership Act, 1932 shall not be applicable to LLPs. Visit us @ www.companiescart.com
- 4. Benefits of LLP over limited company & Partnership firm Benefits of LLP over Limited Company •Corporate Dividend Tax (CDT) not applicable •Lower cost of formation •Lesser compliance requirements •Easy to manage and also easy to wind up and dissolve •No requirement of minimum capital contributions Benefits of LLP over Partnership Firm •Partners of LLP not personally liable for the obligations of entire partnership. •Foreign nationals can be partners in a LLP unlike in partnership firm •A separate legal personality distinct from its partners, can own assets in its name, sue and be sued. •An LLP is taxed as a partnership, but has the benefits of being a corporate •No upper limit on number of partners in an LLP Visit us @ www.companiescart.com
- 5. How to place an order with us for LLP Registration 1. Open the URL – www.companiescart.com 2. Click on the tab –LLP Registration 3. Get Quote for your LLP Registration by pressing on “ Pricing” tab. 4. Get Quote- first Select your state & Contribution and Press “Submit” tab 5. Place the Order by filing few details and make the payment. 6. After our Executives will be in touch with you till your LLP Registered. Visit us @ www.companiescart.com
- 6. I. Open the link – www.companiescart.com
- 7. II. Click on tab –LLP Registration
- 8. III. Get Quote- Select your state & Contribution and Place Order
- 9. Brief Steps involved in LLP Formation Visit us @ www.companiescart.com
- 10. Contact Us Visit us @ www.companiescart.com