The document provides a comprehensive guide to Limited Liability Partnerships (LLP) in India, detailing their characteristics, benefits, and the incorporation process under the LLP Act of 2008. Legalraasta.com offers various services for LLP formation, emphasizing low costs, minimal compliance requirements, and tax advantages compared to private limited companies. The organization aims to simplify legal and tax matters for businesses through a fully online and accessible service model.

1. YOUR ONLINE COMPANION FOR COMPANY, TAX AND LEGAL MATTERS.
WWW.LEGALRAASTA.COM
LIMITED LIABILITY
PARTNERSHIP GUIDE - INDIA

2. MEANINGOFLIMITEDLIABILITYPARTNERSHIP
What is a Limited Liability Partnership
Limited Liability partnership has been introduced in India with the objective of providing a structure of business
entity that provides limited liability to its owners and at the same time requires minimal maintenance. It is
governed by Limited Liability Partnership Act 2008.
A Limited Liability Partnership gives the dual advantage of both the Company and Partnership into a single form
of organization where one partner is not responsible or liable for another partner’s misconduct or negligence.

3. CHARACTERISTICSOFLIMITEDLIABILITYPARTNERSHIP
Separate Legal Entity
An LLP is a legal entity and a juristic person
established under the Act, compared to a sole
proprietorship where owner is the key entity
Limited Liability
Personal assets of partners are safe, liability of LLP is
limited to the assets of LLP
Low cost of set up
LLP has no authorized capital requirement (minimum
of Rs. 1 lakh for a private limited company),
substantially lowering the cost of set up as compared
to a Private Ltd Company
Minimal Compliances
Unlike in private Limited Company, no audit is
required in LLP. An LLP’s accounts are required to
be audited only if it has a turnover greater than Rs.
40 lakhs or capital contribution of over Rs. 25
lakhs.
Tax Advantages
LLP offers some important advantages over private
limited company. For example, Dividend
Distribution Tax and tax surcharge are not
applicable. Loan to partners is also not taxable.
Key features of LLP

4. PROCESSOFINCORPORATION
Application for registering DSC of Designated partners – 1 day
Application for DIN/DPIN – 1 day
Name Approval- After first 2 complete. 4-6 days
Filing Incorporation Documents – 2-3 days
Incorporation Certificate 3-4 days
Key Steps for formation of LLP

5. DOCUMENTREQUIRED
Documents in respects of
Designated partners
• Pan Card Copy
• ID Proof – Aadhaar Card/
Voter's ID/ Passport/
Driving License
• Residential Proof - Latest
Bank Statement/
Telephone or Mobile Bill/
Electricity or Gas Bill
• Passport Size Photograph
Other documents
• Latest Electricity Bill/
Telephone Bill/ Gas Bill for
registered office address
• Rental Agreement (if
rented property)
• Sale Deed/ Property Deed
(for owned property)
Documents that will be sent
by us for your attestations
• Subscription Documents
for LLP
• Consent Letter
• NOC - No Objection
Certificate
• LLP Agreement

6. LLPPACKAGES
Inclusions Basic Standard Premium
Consulting/ Advisory Services ● ● ●
DPIN/DIN of two Designated partners ● ● ●
2 DSC USB Token-2 year validity ● ● ●
Government Fees for name Approval and Incorporation ● ● ●
Stamp Duty For Incorporation ● ● ●
Government Fee for 1 Lakh Capital ● ● ●
Drafting of LLP Agreement & documents ● ● ●
LLP Incorporation Certificate ● ● ●
PAN Card for LLP ● ● ●
TAN Registration ● ● ●
Trademark Registration ● ●
Domain Name ●
7,999 13,999 14,999Package price (Rs.)

7. ABOUTLEGALRAASTAANDTEAM
About us
We are committed to helping you grow your business and add value through our expertise. We aim to deliver a hassle-free experience so
that you can focus on your core business.
Our mission is to offer affordable, quick and automated professional services to clients. Through technology, we bring numerous
government/ legal forms at one place and have simplified them to be fully understood by common man. Legalraasta.com is a one
destination for your legal matters relating to:
1. Forming any type of business entity (e.g., Pvt. Ltd Co, LLP etc)
2. Filing individual and company return
3. Helping on company compliances such as ROC filings & minutes
4. Protecting work through trademark & copyright
Our team
LegalRaasta.com has been founded by a team of Chartered Accountants and professional advisors. We currently have a
network of 100+ professionals including experienced Chartered Accountants, Company Secretaries, Lawyers, Cost
Accountants, Chartered Engineers and Bankers.
Pulkit Jain, founder of Legalraasta, has over 5+years experience in CA and Legal domain. He has worked with the top CA
firms in India and has served large corporate and MNCs

8. WHYCHOOSEUS
Cost effective
Businesses are always under intense time and cost
pressures. With our great packages 40% savings are
ensured compared to typical CA/ Lawyer
Expertise
By teaming up with us , you will have an access to
network of 100+ experts. You can gain the peace of
mind in knowing that your accounting tasks are
done properly by qualified, experienced and
knowledgeable professionals in the field.
Easy Online Process
You don’t have to deal with the typical
headaches involved with face to face
meeting and visiting government offices.
Our process is 100% online. Fill out simple
forms – and you are done!!
Trusted
We are a trustworthy partner which has been
serving startups & companies for past several
years. Our growth numbers stand as a testimony:
• 200+ clients
• 100+ services
• 30+ testimonials
Partner/ Affiliations
We are an e-filing intermediary and have been facilitating filing of
hundreds of e-returns. We are also registered with e-mudhra for
issue of Pan cards. There are multiple other associations with CA
& legal firms.
Our site has been secured by SSL to protect your personal &
payment details

9. CONTACTUS
Corporate office
B-186, Lok Vihar, Pitampura, Delhi 110034 India
Our team always endevour to serve you best. Feel free to reach out to us at:
www.legalraasta.com
Mail: contact@legalraasta.com, M: +919999379929