Checklist For LLP Registration | Documents required for LLP Registration
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Learn what is an LLP, benefits of setting up one and the documents required for the same. For more help on getting small business licenses, reach out to deAsra for the Licenses & Legal Compliances Services at https://www.deasra.in/services/licences-legal-compliance/?utm_source=referral&utm_medium=slideshare
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- Procedures for forming an LLP including designating partners, reserving a name, drafting agreements, and registering with the Registrar of Companies.
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- Minimum requirements to register an LLP are 2 partners (individual or corporate), 2 designated partners who are Indian residents, digital signature certificates, LLP name, registered office, and LLP agreement.
- Documents needed for the designated partner identification number (DPIN) include identity proof, address proof, occupation, contact details, education, and passport photo.
- The proposed LLP name must be unique and cannot be too similar
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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.
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The document discusses limited liability partnerships (LLPs) under Indian law. It provides details on:
- The LLP Act of 2008 that governs LLPs and key committees that recommended establishing LLPs.
- Benefits of LLPs such as enabling professional expertise to operate flexibly while providing limited liability.
- Salient features of LLPs including their legal status, liability of partners, governance through LLP agreements.
- Procedures for forming an LLP including designating partners, reserving a name, drafting agreements, and registering with the Registrar of Companies.
formation of llp
This document provides information on forming a limited liability partnership (LLP) in India. Key points include:
- An LLP is a separate legal entity that limits the personal liability of partners for errors or negligence of employees. It combines advantages of a partnership and company.
- To register an LLP, there must be a minimum of 2 partners (individual or corporate) and 2 designated partners who are individuals and resident in India. Documents required include a digital signature certificate, LLP name, registered office, LLP agreement, and Form 2 with partner details and subscription sheet.
- Designated partners require a Designated Partner Identification Number which is unique and does not expire. Documents for this include identity proof,
Llp firm
Limited Liability Partnership (LLP) is a hybrid business structure that provides the benefits of both a partnership and a private limited company. An LLP has separate legal identity and the partners have limited liability, unlike a general partnership. The key steps to register an LLP in India are to obtain Director Identification Numbers and Digital Signature Certificates for all partners, get approval for the proposed company name, file the incorporation application form along with the partnership agreement, and open a bank account once incorporation is approved. An LLP pays income tax at a flat rate of 30% on its profits.
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This document provides information on company formation in India, including the benefits and process of setting up both private and public limited companies. It outlines the key differences between private and public limited companies, such as membership limits and share trading restrictions. The document also lists the documents required and steps involved to incorporate a private limited company in India through the Ministry of Corporate Affairs website. These include reserving a company name, filing forms such as SPICE, and receiving incorporation documents within approximately 15-20 business days.
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This document provides information on forming a limited liability partnership (LLP) in India. Key points include:
- An LLP is a separate legal entity that limits the personal liability of partners for errors or negligence of employees. It combines advantages of a partnership and company.
- Minimum requirements to register an LLP are 2 partners (individual or corporate), 2 designated partners who are Indian residents, digital signature certificates, LLP name, registered office, and LLP agreement.
- Documents needed for the designated partner identification number (DPIN) include identity proof, address proof, occupation, contact details, education, and passport photo.
- The proposed LLP name must be unique and cannot be too similar
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Learn what is a partnership firm, steps to incorporate one and he documents required for the same. For more help on getting small business licenses, reach out to deAsra for the Licenses & Legal Compliances Services at https://www.deasra.in/services/licences-legal-compliance/?utm_source=referral&utm_medium=slideshare
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This document provides information about registering a partnership firm in the state of Maharashtra, India. It defines a partnership firm as a business organization owned by two or more individuals who agree to share profits or losses. The benefits of a partnership firm include lower costs than a company and more flexibility than a sole proprietorship. The document outlines the process for registering a partnership firm in Maharashtra online, including filling out Form 1, submitting required documents like the partnership deed and address proof, and receiving a registration certificate once approved. It lists the typical turnaround time as 2-3 days for drafting documents and varying time for approval.
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The document outlines key aspects of Limited Liability Partnerships (LLPs) under the Limited Liability Partnership Act, 2008 in India. It discusses the hybrid business form of LLPs, requirements for partners and designated partners, incorporation process, ongoing compliance requirements, and provisions for foreign LLPs, conversion from other entities, compromise/arrangement, winding up, and merits of the LLP structure.
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Complete Self-write Restaurant Business Plan Guide for Entrepreneurs
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Checklist For LLP Registration | Documents required for LLP Registration
- 2. Index 2 Introduction Benefits of setting up an LLP List of documents required to set up an LLP
- 3. 3 Limited Liability Partnership (LLP) is a of the type of organization in which each partner’s liability is limited to the extent of his/her shareholding. It is formed under the Limited Liability Partnership Act 2008. Introduction
- 4. Benefits of setting up an LLP • Limited Liability Partnership (LLP) firm is a combination of partnership firm and private limited company, hence LLP enjoys benefits of both types of organizations. • Partners have limited liabilities. • It has a separate legal entity. • It is a legal entity and can purchase assets in its name. • The cost of forming an LLP is lower, as compared to that of Company. • An LLP should have a minimum of two partners but the maximum limit of partners is not specified. • As compared to a private company, the number of compliances is on lesser side in case of LLP.
- 5. List of documents required • Name of the partners • Address proof and identity proof of the partners (Aadhar Card and PAN card is compulsory) • Designated Partners Profit and loss sharing ratio • Duration of LLP • Initial contribution amount • Capital sharing ratio • Address proof of place of business • Proposed name of the LLP • Nature of business • Date of commencement of business
- 6. • Commission/Salaries, if any payable to each Designated Partner • Responsibilities, duties, obligations etc. of each partner • Registered LLP Agreement For setting up LLP following e-forms are to be filed through Ministry of Corporate Affairs (MCA) website • Form 1: Application for reservation of name • Form 2: Incorporation document and subscriber’s statement • Form 3: Information with regard to limited liability partnership agreement. • (Forms are available on http://www.mca.gov.in/MinistryV2/llpformsdownload.html link) • Note: The procedure, information and documents required to set up an LLP may vary as per any amendments in the Limited Liability Partnership Act, 2008 or the e-form filing procedures and requirements of MCA website.
- 7. Turn Around Time (TAT): • Approximately 15 - 20 business days, if all the information and documents are available. Also, TAT may exceed in case any technical issues occur while filing e-forms. Deliverables: • Incorporation documents like: • Certificate of Incorporation • LLP deed • Filled Incorporation forms.
- 8. 8 To help on setting up an LLP, request for deAsra’s Licenses & Legal Complainces Services: https://www.deasra.in/services/licences-legal- compliance/
- 9. 9
- 10. Address: deAsra Foundation, C/0 Persistent Systems Ltd., 402, Bhageerath, Senapati Bapat road, Near ICC Tech Park, Pune, Maharashtra 411016 Email ID: team@deasra.co.in Phone No: 086699 85599 10
- 11. Thank You 11