DPIN for 2 Partners
Digital Signature For 2 Partners
Name search & approval
ROC registration Fees
LLP Pan Card
LLP refers to Limited liability partnership and is governed by Limited Liability Partnership Act 2008. Limited Liability partnership is a business entity which provides an advantage of limited liability to its owners and at the same time requires minimal maintenance. The directors of a private limited company have limited liability to creditors. In the case of default, banks / creditors can only sell company’s assets and not personal assets of directors.
LLP is a separate legal entity that gives the benefit of limited liability of company plus the flexibility of a partnership, wherein no partner is held liable on account of other’s partner misconduct. An LLP agreement is drafted to govern their rights and duties. Limited Liability Partnership has been introduced in India by way of Limited Liability Partnership Act, 2008. Limited Liability Partnership is basically introduced to provide an opportunity to entrepreneurs where they can form of business organisation which is simple to maintain while at the same time providing limited liability to the owners.
LLP Registration can be done through W4I in India.
Limited Liability Company is one the most popular form of Business in India. These are easy to form, flexible with limited liability and greater stability.
Dual advantages- Company and a Partnership
No partner will be responsible for other partner’s misconduct
Cheaper to incorporate than a private limited company
Limits the liabilities of its partners
Fill Your Complete Details in our Simple Form & submit your documents
After submitting your documents we will provide you with DSC and DPIN.
Details provided by you will be verified and then we shall apply for name approval.
We will create all the required documents and file them with ROC on your behalf.
Once your company is incorporated, we shall send you all the documents and DSCs.
Yes, an existing partnership firm can be converted into LLP by complying with the Provisions of clause 58 and Schedule II of the LLP Act. Form 17 needs to be filed along with Form 2 for such conversion and incorporation of LLP.
Yes, any existing private company or existing unlisted public company can be converted into LLP by complying with the Provisions of clause 58 and Schedule III and IV of the LLP Act. Form 18 needs to be filed with the registrar along with Form 2 for such conversion.
No, only private / unlisted public company can be converted into LLP.
No, name of the LLP shall end with either ‘Limited Liability Partnership’ or ‘LLP’. Word ‘limited’ shall be allowed in name only within ‘Limited Liability Partnership’.
Yes, it mandatory to execute and file LLP Agreement in view of Section 2(0) & (q) , 22 and 23 of the Act.
As per provisions of the LLP Act, in the absence of agreement as to any matter, the mutual rights and liabilities shall be as provided for under Schedule I to the Act. Therefore, in case any LLP proposes to exclude provisions/requirements of Schedule I to the Act, it would have to enter into an LLP Agreement, specifically excluding applicability of any or all paragraphs of Schedule I
Register your Company With Few Simple Steps
Application of DSC & DPIN
First of all, the partners have to apply for Digital signature and DPIN. Digital signature is an online signature used for filing and DPIN refer to Directors PIN number issued by MCA. If the directors already have DSC and DPIN, then this step can be skipped.1
You need to provide 3 different options for your company name to MCA of which one will be selected. Names provided should ideally be unique and suggestive of company business2
MOA & AOA submission
Once name is approved, one needs to draft Memorandum of association and Articles of Associate. Both MOA and AOA are filed with the MCA with the subscription statement.3
Get incorporation certificate
It typically takes 15- 25 days to form a Private limited company and get the incorporation certificate. Incorporation certification is a proof that company has been created. It also includes your CIN number.4
Apply for PAN, TAN and Bank account
Then you need to apply for PAN and TAN. PAN and TAN are received in 7 working days. Post this, you can submit the Incorporation certificate, MOA, AOA and PAN with a bank to open your bank account.5
We believe every organisation work culture is different, So we tailor an approach to implement the things to minimize the Cost, Time & Resources.
An LLP of India is required to file only two regulatory compliances every year. Namely, the Statement of Accounts & Solvency in Form-8, and the Annual Return in Form-11. Again, there is no mandatory requirement of compulsory audit of accounts by a qualified Chartered Accountant in case of an LLP in India, except the following two cases
When the contributions of the LLP exceed INR 25 Lac, or
When its annual turnover crosses INR 40 Lac
Many entrepreneurs prefer to set up an LLP rather than a private limited company because of lower compliance burden and lower incorporation cost