This is Ideal if your business or Profession is small & medium.

1. A Formal Partnership Business
2. LLP is a body corporate and a legal entity separate from its partners. 
3. Minimum Compliance compared to company
4. There is no limit on maximum number of partners.
5. Eligible to apply for Startup India Recognition and Tax exemption.

What is Limited Liability Partnership (LLP)

Limited Liability Partnership (LLP) is an alternative form of business organisation. It not only provides the benefits of limited liability but also allows its members the flexibility of organising their internal affairs as a partnership based on a mutually arrived agreement.

• The LLP’s are administered by the Registrar of Companies.
• LLP is a body corporate and a legal entity separate from its partners. It has perpetual succession. Thus, an LLP is capable, in its own name, of acquiring, owning, holding, disposing of property, whether movable, immovable, tangible or intangible. It can sue and can be sued, and is capable of doing and suffering other acts as a body corporate may do or suffer.
• There is no limit on maximum number of partners.
• Rights and duties of partners of an LLP and mutual rights and duties between an LLP and its partners are governed by the LLP Agreement between the partners or between the LLP and its partners.
• Partners are agents of LLP but not the agents of other partners.
• An individual or body corporate may become a partner in LLP.
• LLP must have at least two individuals as Designated Partners. At least one of the Designated Partners must be resident in India. A body corporate partner of the LLP may nominate an individual as a Designated Partner.
• LP must maintain proper books of account. The accounts may be on cash basis or accrual basis.
• Accounts of LLP are required to be audited. However, an LLP whose turnover in any financial year does not exceed ₹40 lakhs or the contribution (capital) does not exceed ₹25 lakhs is exempt from the provisions of audit.
• LLP is required to file Statement of Account and Solvency and Annual Return in the prescribed form every year.

Details of Limited Liability Partnership (LLP)

1. Minimum 2 partners require to form LLP
2. All partners should obtain DIN
3. Max 200 partners are allowed inLLP
4. Less ROC Compliance.
5. High NON Compliance penalty – ROC Non Compliance penalty Rs.100 per day per form. (No maximum penalty cap)
6. Annual Statutory Audit is Not mandatory upto turnover Rs.40 lakhs / Capital Contribution upto Rs.25 lakhs
7. LLP is convertible in to Pvt. Ltd Company after 2 year with minimum 7 partners.

What all Documents require for LLP Company?

1. Photograph of all proposed Shareholder & Director.
2. PAN card copy
3. ID Proof – Driving licenses / Voter ID / Passport (anyone)
4. Address proof – Bank statement / Telephone or Mobile or Electricity Bill (not more than 30 days old)
5. Email ID and Mobile Numbers
6. Proposed Company Registered office address proof – Telephone or mobile or electricity bill (not more than 30 days old) + NOC from property owner
7. DIN ( Optional – In case any proposed partners / Designated partners already have active DIN)
8. Aadhar card (optional)

Our Service

After Company incorporation, you will receive below documents 

1. Company Certificate of Incorporation
2. LLP agreement
3. PAN Card and TAN Allotment
4. Directors Identification Number (DIN)
5. One Digital Signatures (Class 2)