This document provides an overview of limited liability partnerships (LLPs) in India, including what an LLP is, the benefits of forming an LLP, and how to register an LLP. An LLP is a business structure that allows for multiple partners but limits their liability. It provides benefits of both a company and partnership. Registering an LLP involves applying for digital signatures, reserving a unique name, filing incorporation documents, and preparing an LLP agreement to submit to the Ministry of Corporate Affairs, which typically takes 15-25 days. Requirements include a minimum of two partners, no capital requirement, and at least one Indian resident designated partner.
Limited Liability Partnership in India by LegalraastaLegal Raasta
What is the meaning of Limited Liability Partnership in India and explain about its process of incorporation.
To register your LLP, visit https://www.legalraasta.com/llp-registration/
Choosing the right entity type could be a time taking process, but with the right information you can start your venture pretty soon. This Presentation would give exactly the right information that is self sufficient to incorporate a LLP in India.
This is a common suspicion that usually arises for business owners when they are ready to start a business. Here we have sorted out the major differences between Pvt. Ltd. and LLP.
Limited Liability Partnership in India by LegalraastaLegal Raasta
What is the meaning of Limited Liability Partnership in India and explain about its process of incorporation.
To register your LLP, visit https://www.legalraasta.com/llp-registration/
Choosing the right entity type could be a time taking process, but with the right information you can start your venture pretty soon. This Presentation would give exactly the right information that is self sufficient to incorporate a LLP in India.
This is a common suspicion that usually arises for business owners when they are ready to start a business. Here we have sorted out the major differences between Pvt. Ltd. and LLP.
A Partnership Deed is a document that legalizes or legitimizes a Partnership Agreement. These agreements occur between two or more people and lay down rules, policies, and guidelines regarding how to run a business.
Visit here to know more about partnership deed: https://vakilsearch.com/partnership-firm/partnership-deed
Private limited company registration in hyderabadenvizihyd
Envizigroup is the leader in online Private Limited Company Registration in Hyderabad. Easily register a company at affordable cost and get expert help for Pvt Ltd company Registration
Business partnership compatibility factors partnership in business as per h...Vedic Astrologer
Know about business partnership compatibility factors. Benefits of business partnership are possibility of establishment and start-up costs become low, availability of more capital and will get higher lending capacity. Professional business astrologer can help you in selecting the best partner with his perfect knowledge of reading the birth chart and advice you regarding partnership business yoga and success in partnership business. Planet responsible for partnership business and right timing to do business partnership astrologically.
View more: https://www.vinaybajrangi.com/business-astrology/business-partnership.php
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Under the Section 58 of the Act of Indian Constitution, a firm may be registered at any time not usualy at time of its formation. For the registration of Firm, you are required to seek a trade licence. Despite of this, One time fee for process is required which renew periodically.
Various companies and other business associations performs work under the Company Law or Law of Business Assocaitions. Company Law look after how a comapny or organization and other stakeholders such as consumers interact with each other. Company Laws are unique to that country.
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Choosing an entity for your business in India- LLP vs Private LimitedThemis
A lot of entrepreneurs face difficulties in deciding what type of legal entity they should register their business as. After having dealt with hundreds of clients we have learned that this selection is critical as it has long term implications on the way you grow your business.
There are multiple factors to be considered before choosing a form of organization such as – liability and ownership, reporting & compliance, fund raising, exit plans, other related expenses and many more .
For the purpose of this presentation, we will concentrate on the two most popular and practical types of entities - Private Limited Company & Limited Liability Partnership.
The following slides will help you weigh the Pros & Cons between the two entities and help you with your decision making process.
A Limited Liability Company (LLC) is a business that is its own legal entity; they can be a single member LLC (a single owner) or a multimember LLC (multiple owners).
An LLC is NOT an INCORPORATED business like a C Corporation or an S-Corp, but it has the benefits without the burdensome and expensive regulations and corporate formalities, making it an ideal way to start a small business or convert an existing business for personal asset protection.
A3 establishment of companies in abroad countriesJvchk
Law of each country is quite different from the other. Take for example if anything is legal in a country then the same thing is illegal in another country.
Delaware is one of the incorporation states to handle the corporate law cases in most of the states which has an income tax, personal property tax, or sales tax. The Delaware llc is the business tool with the legal survival and separates from its owners which have the skill to react as the entity for the tax use.
Відкрита дискусія «Міфи про Делавер VS особистий досвід. Частина 1»? організована Комітетом АПУ з питань телекомунікацій, інформаційних технологій та Інтернету, Київ, 15.03.2017
A Partnership Deed is a document that legalizes or legitimizes a Partnership Agreement. These agreements occur between two or more people and lay down rules, policies, and guidelines regarding how to run a business.
Visit here to know more about partnership deed: https://vakilsearch.com/partnership-firm/partnership-deed
Private limited company registration in hyderabadenvizihyd
Envizigroup is the leader in online Private Limited Company Registration in Hyderabad. Easily register a company at affordable cost and get expert help for Pvt Ltd company Registration
Business partnership compatibility factors partnership in business as per h...Vedic Astrologer
Know about business partnership compatibility factors. Benefits of business partnership are possibility of establishment and start-up costs become low, availability of more capital and will get higher lending capacity. Professional business astrologer can help you in selecting the best partner with his perfect knowledge of reading the birth chart and advice you regarding partnership business yoga and success in partnership business. Planet responsible for partnership business and right timing to do business partnership astrologically.
View more: https://www.vinaybajrangi.com/business-astrology/business-partnership.php
Register your private limited company in Bangalore with IndiaStartupKevin Raj
Are you worried how register your private limited company? IndiaStartup is a leader in Private Limited Company Registration in Bangalore. Register a company through us for as low as Rs.16000 all inclusive.We help you to take your first step to strt your business. visit for more information:http://www.indiastartup.in/private-limited-company/
Firm Registration Process In Hyderabad (+91 8800100283 , 4)amitsingh321
Under the Section 58 of the Act of Indian Constitution, a firm may be registered at any time not usualy at time of its formation. For the registration of Firm, you are required to seek a trade licence. Despite of this, One time fee for process is required which renew periodically.
Various companies and other business associations performs work under the Company Law or Law of Business Assocaitions. Company Law look after how a comapny or organization and other stakeholders such as consumers interact with each other. Company Laws are unique to that country.
Philippine Business Permits Licensing ProcessKirk Go
A handbook on Philippine business permit & licensing procedures, outlining processes, fees, and appropriate government agencies handling regulatory functions for specific businesses.
Choosing an entity for your business in India- LLP vs Private LimitedThemis
A lot of entrepreneurs face difficulties in deciding what type of legal entity they should register their business as. After having dealt with hundreds of clients we have learned that this selection is critical as it has long term implications on the way you grow your business.
There are multiple factors to be considered before choosing a form of organization such as – liability and ownership, reporting & compliance, fund raising, exit plans, other related expenses and many more .
For the purpose of this presentation, we will concentrate on the two most popular and practical types of entities - Private Limited Company & Limited Liability Partnership.
The following slides will help you weigh the Pros & Cons between the two entities and help you with your decision making process.
A Limited Liability Company (LLC) is a business that is its own legal entity; they can be a single member LLC (a single owner) or a multimember LLC (multiple owners).
An LLC is NOT an INCORPORATED business like a C Corporation or an S-Corp, but it has the benefits without the burdensome and expensive regulations and corporate formalities, making it an ideal way to start a small business or convert an existing business for personal asset protection.
A3 establishment of companies in abroad countriesJvchk
Law of each country is quite different from the other. Take for example if anything is legal in a country then the same thing is illegal in another country.
Delaware is one of the incorporation states to handle the corporate law cases in most of the states which has an income tax, personal property tax, or sales tax. The Delaware llc is the business tool with the legal survival and separates from its owners which have the skill to react as the entity for the tax use.
Відкрита дискусія «Міфи про Делавер VS особистий досвід. Частина 1»? організована Комітетом АПУ з питань телекомунікацій, інформаційних технологій та Інтернету, Київ, 15.03.2017
LLP vs PVT. LTD.. vs OPC vs Partnership vs ProprietorshipLegal Raasta
Types of Business Formation, Minimum Requirements for Company Registration, Member's Liability, Name of the Entity.
To know more about LLP vs PVT. LTD.. vs OPC vs Partnership vs Proprietorship, visit https://www.legalraasta.com/
Register a limited liability partnership (llp) in indiaLegal Raasta
This is an easy guide from www.legalraasta.com on registering a limited liability partnership in India. This includes key steps such as obtaining DSC, DIN and Pan card
Setting up an llp in india by legal raastaLegal Raasta
LLP (limited liability partnership) provide the services like Name registration service, LLP agreement draft service,annual filing service,or other LLP service.
When two or More Person Start a Business is known A partnership firm
A Partnership Deed is Sign Between the Partners which contains the Profit Sharing Ration And Rules And Regulations of Partnership.
A partnership is not a Separate Entity so the Partners are Personally liable for all Profit and Losses.
so most People now register LLP wich Means Limited Liability Partnership in which Partners are not Personally Liable for Liabilites.
Two or More Person can Make a Partnership Firm.
max 10 people are allowed for banking Business and 20 for other Businesses.
Documents Required for Partnership Registration
Form No. 1 (Application for registration under Partnership Act)
Original copy of Partnership Deed signed by all partners
Affidavit declaring intention to become a partner
Rental or lease agreement of the property/campus on which the business is set
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There are up to 8 types of income tax return forms, currently.https://www.legalraasta.com/income-tax-return/. Like and Follow our Facebook Page https://www.facebook.com/LRaasta/
GST return filing is done to maintain financial accounts per year. GST return is a document that contains the details of the income of the taxpayer. https://www.legalraasta.com/gst-return/.
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In New Zealand, the prevailing trademark legislation is the Trade Marks Act 2002. The principles of “common law” apply. https://www.legalraasta.com/trademark-registration/. Like and Follow our Facebook page https://www.facebook.com/LRaasta/
Import Export Code or IEC is a 10-digit code that a business or a person needs to import/export goods/services. https://www.legalraasta.com/import-export-code-iec-registration/
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LLP was launched in India by way of the Limited Liability Partnership Act, 2008. https://www.legalraasta.com/llp-registration/. Like and Follow our Facebook Page https://www.facebook.com/LRaasta/
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Copyright is a kind of intellectual property protection like trademark and patents. Copyright registration is done following the Copyright Act, 1957. https://www.legalraasta.com/copyright-registration/. Like and Follow our Facebook pagehttps://www.facebook.com/LRaasta/
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All businesses which are engaged in Import and Export of goods require to register Import Export Code . IEC Code is 10 digit code with permanent validity. IEC Code is issued by the Directorate General of Foreign Trade (DGFT), DGFT, customs, Export Promotion Council, if they don’t have this code. IMPORT EXPORT CODE is done through LegalRaasta
It is an indirect tax wherein the service provider collects the tax on services from service receiver and pays the same to Government of India. It is required for businesses providing services in India.
Professional Tax is the tax levied by the various State Governments of India on salaried individuals working in government or non-government entities, or in practice of any profession, such as CAs, Lawyers, Doctors, etc. or carry out some form of business, are required to pay this professional tax. Professional tax is imposed at the state level in India.
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A copyright is a legal right given by the law to creators of literary, dramatic, musical and artistic works and producers of cinematography films and sound recordings. Business entities often copyright instruction manuals, product literature and user guides. Copyright is usually owned by the maker of the work, but may also be owned by the employer of its creator or the person who has authorized the work (unless there is an agreement to the contrary in either case).
Get Section 8 Company registration in Delhi, Gurgaon, Noida and other cities with the help of experts at LegalRaasta. LegalRaasta is your online CA portal.
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LLP COMPANY
1. LIMITED LIABILITY
PARTNERSHIP
STARTING & REGISTERING IS BUSINESS IS AN IMPORTANT STEP IN AN ENTREPRENEURS
JOURNEY. CHOOSING THE RIGHT FORM OF BUSINESS IS EQUALLY IMPORTANT. HERE,
WE’LL GUIDE YOU ON LLP REGISTRATION - WHAT IS AN LLP, WHY SHOULD YOU GO FOR
AN LLP, THE REGISTRATION PROCESS, DOCUMENTATION AND REQUIREMENTS.
2. WHAT IS LLP?
A limited liability partnership or LLP is a form of partnership in which
the partners have limited liability. In simpler terms, this means that you
can have 2 or more than 2 partners in an LLP. Also, the partners are not
liable to pay for the firms debts or creditors from their personal assets.
This is a big advantage over normal partnership firm where partners’
personal assets like home & car can sold to repay firm debts.
LLP gives the double benefits of both a Company and a Partnership in a
single form of organization where any one partner is not responsible for
another partner’s misconduct or negligence.
3. WHY SHOULD YOU GO FOR AN LLP ?
There is no
maximum
limit for the
no. of
partners in
LLP.
LLP has no
minimum capital
requirement. You
can start your
business with as
low as Rs. 5,000
LLP limits
your liability.
All of the risks
of the
business are
spread out.
Easy to establish,
manage & run.
There are less
compliances and
government issues.
Easy to
dissolve or
wind-up.
They only reason you shouldn’t choose an LLP is – in case you intent to raise capital from VCs and investors. Investors
prefer to put money in Private limited company as it’s easy to redistribute shares in that form of business.
4. LLP REGISTRATION PROCESS?
• First of all the partners have to apply for Digital signature and DPIN .
• After that, you have to register for name approval. Name for the company
should be unique otherwise the application would be rejected.
• After that you have to file for subscription statement and incorporation
document.
• Apply for PAN and TAN
• At the end you have to prepare a LLP agreement and file with MCA
It typically takes 15- 25 days to form an LLP.
5. DOCUMENTS REQUIRED FOR LLP REGISTRATION?
You will need basic set of documents to apply for LLP. This includes
• PAN Card copy of Partners
• Copy of Aadhaar Card or Voter identity card
• Passport size photograph of partners
• Property papers copy (If owned property)
• Rent agreement copy & Landlord NOC(If rented property)
• Electricity/ water bill of business place
6. Requirements for LLP Registration
• Minimum 2 Partners
• No Capital Requirement- you can start your company with just Rs
5000.
• At least one Indian Resident as Designated Partner
• DPIN for all Partners
8. We at LegalRaasta have helped over thousand companies in LLP registration. To
get your LLP done from us, you can
• Go to our website www.legalraasta.com and select LLP registration.
• Fill our online questionnaire.
• Select your package. You can choose for additional services like trademark and
salestax registration and pay accordingly.
• We will take care of the rest.
Hope this was helpful. Thanks.