Limited Liability Partnership Registration in Andhra Pradesh

LLP company registration in Andhra Pradesh is a popular choice for entrepreneurs and professionals looking to establish a business with limited liability protection. LLPs combine the benefits of traditional partnerships and corporations, offering partners limited liability along with flexibility in both management and taxation.

There are two types of Limited Liability Partnership (LLP) Registration:

Regular LLP Registration: This is the standard Online LLP Registration designed primarily for business purposes. The partners oversee the management of the LLP, which is taxed under the Income Tax Act.

Conversion LLP Registration Online: An existing partnership firm can be converted into an LLP through the Online Conversion LLP Registration process. In this process, the firm's partners are designated as partners in the LLP, with the assets and liabilities of the firm being transferred to the new entity. This conversion offers several advantages, including limited liability for partners, the LLP’s recognition as a distinct legal entity, and potential tax benefits. Engaging LLP Registration Services can facilitate a smooth and efficient transition. For those interested in what LLP registration in West Bengal entails, it involves the formal establishment of a Limited Liability Partnership, combining the benefits of both partnerships and corporations.

Checklist for LLP Company Registration:

1. Minimum of two designated partners: An LLP must have a minimum of two designated partners, with at least one of them being a resident of the country where the LLP is registered.
2. Digital Signature Certificate (DSC): All designated partners are required to obtain a Digital Signature Certificate (DSC) for electronic document signing.
3. Designated Partner Identification Number (DPIN): All designated partners are required to obtain a Designated Partner Identification Number (DPIN) from the Ministry of Corporate Affairs (MCA) or the appropriate authority in their respective country.
4. LLP Agreement: An LLP agreement is a legal document that details the rights, duties, and responsibilities of the partners and establishes the management structure of the LLP. It must be prepared and submitted to the Registrar of Companies (ROC) within 30 days of the LLP’s incorporation.
5. Address proof: The registered office of the LLP must furnish valid address proof.

DOCUMENTS REQUIRED

Documents required for Limited Liability Partnership (LLP) Registration

For Director/Shareholders:

• Self-attested Pan card
• Self-attested Voter id or Driving license or Passport
• Self-attested Bank statement or electricity/telephone/mobile bill
• Recent passport-size photo

For Registered address of company:

If the premise is rented/leased

• Copy of the Electricity bill of the owner
• Rent or lease agreement
• NOC from the owner of the property

If the premise is Owned

• Copy of the Electricity bill of the owner
• NOC from the owner of the property

REGISTRATION PROCESS

LLP Registration Process

• Name Reservation
• Procurement of Digital signatures
• Preparation of Incorporation documents
• Drafting of LLP Deed

WHY US

What will you get from Us for Limited Liability Partnership (LLP) Registration?

• Incorporation Kit
• Bank Account opening document
• Document Formats
• First auditor appointment
• Two Class 3 Digital Signatures
• 2 Designated Partners Identification Numbers
• Company Name Approval
• LLP Deed
• Certificate of Incorporation

An additional benefit of Limited Liability Partnership Registration Online

1. Bank Account Opening
2. Free Domain
3. Free Website up to 5 pages
4. Listing on Social media platforms
5. Listing on Google My Business for nearby business
6. Razor pay/Payu money payment gateway for online payment

Top 10 advantages to registering as LLP Registration in Andhra Pradesh

• Limited liability: Partners in an LLP are responsible for its debts and obligations only to the extent of their contributions, ensuring their personal assets are protected and unaffected.
• Separate legal entity: A Limited Liability Partnership (LLP) functions as a distinct legal entity, separate from its partners. This allows it to sign contracts, own property, and participate in legal actions on its own behalf.
• Flexibility in management: The partners of an LLP can independently manage the business and make decisions, without the influence of external shareholders.
• Easy to set up: Forming a Limited Liability Partnership is an uncomplicated and swift process, involving less documentation compared to other business entities.
• Perpetual succession: An LLP has perpetual succession, ensuring it remains operational even if partners depart or pass away.
• Tax benefits: LLPs benefit from a reduced tax rate compared to companies, and partners do not face taxation on the profits they earn from the LLP.
• Less compliance requirements: LLPs have simpler compliance requirements compared to companies, leading to reduced costs and less time spent on compliance.
• Transferability of ownership: In India, the transfer of LLP ownership is seamless, ensuring that the LLP remains operational without interruption even when ownership changes.
• Access to funding: LLPs can obtain funding from partners, investors, and banks, facilitating their growth and expansion.
• Credibility and brand image: Registering as an LLP improves the business’s credibility and professional reputation, which is vital for attracting customers, investors, and partners.