C Filing of E-forms
C Drafting of LLP Deed
C Designated Partner Identification Numbers-DPINs (2 nos.)
C Digital Signature Certificates-DSCs (2 nos.)
C Issue of Incorporation Certificate
C Includes Government Fees upto Rs. 1 Lakh Capital Contribution by Designated Partners
C Stamp Duty upto Rs. 2000 and its Notarisation in any state in India for LLP Deed
C App to manage your business Khata On the Go – ProKhata App
C Exclusive offers from our Partner
C ICICI Bank – Account Opening Offer
C Freshworks – Offers
J Minimum two directors and two shareholders
J Companies, body corporates or already existing partnerships
J LLPs registered outside india
J Startups and SMEs looking for carrying business with minimal legal formalities
Purchase of Plan
Filing of LLP and DPIN application with Registrar
Receipt of Registration Certificate
Notarisation of LLP Deed
Application for PAN and TAN
Estimated Time – 20 days
, Photo ID proof of partners
, Address proof of partners
, Specimen signature
, No objection certificate from the owner of the property of the property
, Ownership proof
, Rent agreement of your registered office
Ø Frequently Asked Questions.
Ø What is an LLP?
Ø A Limited Liabilty Partnership firm (LLP) is a hybrid structure between a partnership firm & a private limited company where the business is carried out in a corporate framework, guided by terms of the mutually adopted partnership deed.
Ø What are the advantages of registering as an LLP over general partnership firms?
Ø Liability- In a general partnership firm, partners are personally liable for debts of the business which means that even their personal property may be used to settle the firm’s debts. Whereas, the liability of partners is limited in case of an LLP.
Ø Immunity against wrong doings of other partners- Under LLP structure, partners are not responsible for negligence or misconduct of other partners whereas in general partnership firms, partners can be held responsible.
Ø Does the Income Tax Act treat partnership firms and LLPs differently?
Ø Both general partnerships and LLPs are taxed at flat rate of 30%.
Ø All the other income tax act provisions apply similarly except that general partnership firms are covered under presumptive taxation scheme i.e if turnover is below Rs. 2 crore in business or Rs. 50 lakh in case of profession, there is no need to maintain books of accounts or get accounts audited whereas, LLPs are explicitly not covered.
Ø What is the minimum capital requirement for LLPs?
Ø There is no minimum capital contribution requirement. It can be registered even with Rs. 100 as total capital contribution.
Ø What is the audit requirement for LLP?
Ø Accounts of an LLP are required to be audited when the turnover is Rs. 40 lakh or more or when the total capital contribution is Rs. 25 lakh or more.
Ø The auditor of an LLP is appointed annually by the designated partners.
Ø The first auditor is appointed before the end of the financial year. Subsequent appointment or reappointment of the auditors is made one month before the closing of the financial year by the designated partners.
Ø Do I need to have any prerequisite documents to start an LLP?
Ø Due to recent changes on MCA portal, incorporation of LLP can only proceed after 2nd October 2018 if any of the partners do not have DIN / DPIN.
Ø My details on my documents have a difference. Can I still incorporate my company using them?
Ø You will need to have exactly the same details on all your documents to incorporate your company.