Limited Liability Partnership Registration in Bihar

The Limited Liability Partnership Act, 2008 regulates the LLP business structure. LLP registration in Bihar is gaining traction for new business ventures. We offer an efficient LLP registration process in Bihar to ensure your business is set up for success.

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

Regular LLP Registration: This outlines a standard procedure for Online LLP Registration, designed to accommodate different business activities. The LLP is overseen by its partners and taxed according to the Income Tax Act.

Conversion LLP Registration Online: An existing partnership firm can seamlessly transition to an LLP through the Online LLP Conversion Registration process. In this process, the firm's partners assume the role of designated partners in the LLP, and the firm’s assets and liabilities are transferred smoothly. This conversion provides several advantages, such as limited liability protection for the partners, the LLP’s recognition as a separate legal entity, and possible tax benefits.

Checklist for LLP Company Registration:

Minimum of two designated partners: An LLP must include at least two designated partners, with one of them being a resident of the country where the LLP is registered.

Digital Signature Certificate (DSC): All designated partners must acquire a Digital Signature Certificate (DSC) for the electronic signing of documents.

Designated Partner Identification Number (DPIN): Each designated partner must obtain a Director’s Personal Identification Number (DPIN) from the Ministry of Corporate Affairs (MCA) or the relevant regulatory body in their jurisdiction.

LLP Agreement: An LLP agreement is a legal document that outlines the rights, duties, and responsibilities of the partners, as well as the management structure of the LLP. It must be prepared and filed with the Registrar of Companies (ROC) within 30 days of the LLP’s formation.

Address proof: The LLP's registered office must present valid proof of its address.

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

Bank Account Opening

Free Domain

Free Website up to 5 pages

Listing on Social media platforms

Listing on Google My Business for nearby business

Razor pay/Payu money payment gateway for online payment

Top 10 advantages to registering as LLP Registration in Bihar

Limited liability: The partners of an LLP are responsible for the LLP’s debts and obligations only up to their respective contributions, which helps protect their personal assets from being used to settle these liabilities.

Separate legal entity: A Limited Liability Partnership (LLP) operates as an independent legal entity distinct from its partners. This distinction allows the LLP to independently enter into contracts, own property, and participate in legal proceedings.

Flexibility in management: The partners of an LLP have the freedom to manage the business and make decisions independently, free from interference by external shareholders.

Easy to set up: Establishing a Limited Liability Partnership is a simple and efficient process that demands less documentation compared to other business structures.

Perpetual succession: An LLP enjoys perpetual succession, which ensures it remains operational without interruption despite changes in its partners, including their departure or death.

Tax benefits: LLPs benefit from reduced tax rates compared to companies, and partners are exempt from taxes on the profits distributed to them by the LLP.

Less compliance requirements: LLPs have lower tax rates than companies, and partners are not taxed on the profits they receive from the LLP.

Transferability of ownership: In India, ownership transfers in an LLP are uncomplicated, ensuring that the LLP operates seamlessly even with changes in ownership.

Access to funding: LLPs can obtain funding from partners, investors, and banks, which facilitates their growth and expansion.

Credibility and brand image: LLPs can secure funding from partners, investors, and banks, helping to drive their growth and expansion.