LLP Services

Welcome to Business Compliance Salahkar: Where Your LLP Dreams Take Flight!

Ready to transform your business vision into reality with the power of Limited Liability Partnership (LLP) incorporation? Look no further – at Compliance Salahkar, we’re here to turn your aspirations into achievements with our expert LLP incorporation consultancy services!

Why Choose LLP Incorporation?

Limited Liability Partnership (LLP) is a popular business structure in India known for its flexibility, reduced compliance requirements, and limited liability protection for its partners. With the ability to combine the benefits of a traditional partnership and a corporate entity, LLPs offer a favorable framework for various business ventures, including professional services, startups, and small businesses.

To establish a Limited Liability Partnership (LLP), the eligibility criteria generally include the following :
  • Minimum Partners
  • Designated Partners
  • Registered Office
  • No Minimum Capital Requirement
  • Legal Capacity
  • Disqualified Persons
  • Compliance with Regulatory Requirements
  • No Prior Conviction

Contact us today to schedule a consultation and take the first step towards realizing your business aspirations with LLP incorporation.


Essential documents required for LLP registration

Identity Proof

Incorporation Documents

Address Proof

Passport-sized Photographs

LLP Agreement

Proof of Registered Office

Proof of Identity and Address of Witnesses

Digital Signature Certificate
(DSC)

Consent Letters & Professional Certification

Key features of LLP

→ Limited Liability
→ Separate Legal Entity
→ Flexibility in Management
→ No Minimum Capital Requirement
→ Perpetual Succession
→ Taxation Benefits
→ Ease of Compliance
→ Limited Regulatory Compliance
→ Transferability of Ownership
→ Professional Practice

PLANS TABLE

Select Packages

Consultation Fee999

  • Expert Advice from Highly Experienced CA/CS
  • Complete Guide for Registration
  • Tailored Business Structure Recommendations
  • Customized Tax Planning Strategies
  • Transparent Fee Structure
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Basic PlanESI and PF registration7999

  • Drafting & Filing by CA/CS
  • Expert Advice by CA/CS
  • MCA Processing and CIN
  • Company PAN & TAN
  • Memorandum of Association (MOA)
  • Articles of Association (AOA)
  • Allotment of 2 DINs
  • ESI and PF Registration
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LLP registration process

Obtain Digital Signature Certificate (DSC)

The designated partners of the LLP must obtain Digital Signature Certificates (DSC) from certifying authorities authorized by the MCA.

Apply for Director Identification Number (DIN)

Designated partners who do not already have a Director Identification Number (DIN) must apply for DIN by filing Form DIR-3 with the MCA.

Payment of
Fees

The partners are required to pay the prescribed registration fees based on the capital contribution of the LLP and stamp duty for the LLP Agreement.

Incorporation
Application

Once the name is approved, the partners can proceed with the LLP incorporation application by filing Form 2 with the Registrar of Companies (RoC). Form 2 includes details of the LLP, partners, registered office address, capital contribution, etc.

Submission of
Documents

long with Form 2, the partners need to submit various documents, including the LLP Agreement, subscriber’s statement, address proof of the registered office, identity and address proof of partners, and consent to act as partners.

Post-Incorporation Compliance

After incorporation, the LLP must comply with various statutory requirements, including obtaining a PAN (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number), opening a bank account, maintaining books of accounts, filing annual returns, etc.

LLP Agreement Filing

Within 30 days of incorporation, the LLP Agreement must be filed with the RoC in Form 3. Any subsequent changes to the LLP Agreement must be filed with the RoC within 30 days of such changes.

Name Reservation

Before applying for LLP registration, the partners need to check the availability of the desired name for the LLP. They can submit Form 1 to the MCA along with the proposed LLP name and alternative names, if any, for approval and reservation.

Drafting LLP Agreement

The partners need to draft an LLP Agreement, defining the rights, duties, and obligations of the partners and the LLP. The agreement should be prepared in accordance with the LLP Act, 2008 and be stamped as per Stamp Act requirements.

Comparison

Private Limited Company One Person Company Limited Liability Partnership Partnership Firm Proprietorship Firm
Act Companies Act, 2013 Companies Act, 2013 Limited Liability Partnership Act, 2008 Indian Partnership Act, 1932 No specified Act
Registration Requirement Mandatory Mandatory Mandatory Optional No
Number of members 2 – 200 Only 1 2 – Unlimited 2 – 50 Only 1
Number of Director/Partner 2 – 15 Only 1 2 – Unlimited 2 – Unlimited Only 1
Separate Legal Entity Yes Yes Yes No No
Liability Protection Limited Limited Limited Unlimited Unlimited
Statutory Audit Mandatory Mandatory Dependent Not mandatory Not mandatory
Ownership Transfer ability Yes No Yes No No
Uninterrupted Existence Yes Yes Yes No No
Foreign Participation Allowed Not Allowed Allowed Not Allowed Not Allowed
Tax Rates Moderate Moderate High High Low
Statutory Compliance High Moderate Moderate Less Less

How we work for LLP registration

  • Initial Consultation

  • Assessment and Guidance

  • Documentation Preparation

  • Name Reservation

  • Filing with the Registrar of Companies (RoC)

  • Digital Signature Certificate (DSC) and Director Identification Number (DIN)

  • Procurement

  • Follow-Up and Compliance

  • Certificate of Incorporation

  • LLP Agreement Filing

  • Post-Incorporation Support

We Offer services :

FAQs

A Limited Liability Partnership (LLP) is a legal business structure that combines features of a traditional partnership and a corporation. It offers limited liability protection to its partners while allowing them to participate in management.

In a traditional partnership, partners are personally liable for the debts and obligations of the business. In an LLP, partners enjoy limited liability protection, meaning their personal assets are protected from business liabilities.

To form an LLP in India, a minimum of two designated partners is required, with at least one of them being an Indian resident. There is no minimum capital requirement for LLP formation.

Yes, it is mandatory for LLPs to have a written LLP Agreement that outlines the rights, duties, and responsibilities of the partners and the LLP. The agreement must be filed with the Registrar of Companies (RoC).

Yes, an LLP can be converted into a private limited company, public limited company, or vice versa, subject to compliance with the provisions of the LLP Act, 2008, and Companies Act, 2013.

In an LLP, partners are not personally liable for the actions, debts, or negligence of other partners. Each partner’s liability is limited to the extent of their contribution to the LLP.

LLPs in India are required to file an annual return with the RoC, disclosing details of partners, capital contributions, and other relevant information. Additionally, LLPs may be required to undergo a statutory audit if their annual turnover exceeds prescribed limits.

Yes, foreign nationals or entities can be partners in an Indian LLP subject to compliance with Foreign Direct Investment (FDI) regulations, Reserve Bank of India (RBI) guidelines, and other regulatory requirements.

LLPs are taxed as separate legal entities, and their profits are taxed at the LLP level. However, partners are taxed individually on their share of profits from the LLP, similar to partnership taxation.

Non-compliance with LLP regulations may result in penalties, fines, and legal liabilities for the partners and the LLP. It is essential for LLPs to adhere to statutory requirements and maintain proper compliance to avoid adverse consequences.

LLPs can engage in any lawful business activity, except for activities prohibited by law or those requiring specific licenses or permits. Certain regulated sectors may have additional compliance requirements for LLPs.

Adding or removing partners from an LLP involves amending the LLP Agreement and filing the necessary forms with the Registrar of Companies (RoC). The consent of all existing partners is typically required for admission of new partners.

Yes, LLPs are required to maintain proper books of accounts and financial records as per the LLP Act, 2008. The books of accounts must accurately reflect the financial position and transactions of the LLP.

No, LLPs cannot be converted into sole proprietorships or partnership firms. However, partners can withdraw from the LLP, resulting in its dissolution or conversion into another legal entity as per applicable laws.

In the event of LLP dissolution, partners are liable to the extent of their contribution to the LLP, subject to any specific liabilities incurred during the winding-up process.


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