Limited Liability Partnership Registration in Jharkhand

A Limited Liability Partnership (LLP) is a modern and beneficial business structure that combines the flexibility of a partnership with the protection of limited liability. This setup provides entrepreneurs with a dynamic and secure platform to collaborate and innovate with confidence.

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

Regular LLP Registration: This details the typical online LLP registration process, customized to fit diverse business activities. Managed by its partners and regulated under the Income Tax Act, the LLP provides a versatile and streamlined structure for various enterprises.

Conversion LLP Registration Online: A partnership firm can effortlessly convert into an LLP through the Online LLP Conversion Registration process. In this transition, the firm's partners assume the role of designated partners in the LLP, with assets and liabilities being smoothly transferred. This conversion provides key benefits such as limited liability protection for the partners, recognition of the LLP as a separate legal entity, and potential tax benefits.

Checklist for LLP Company Registration:

1. Minimum of two designated partners: An LLP must have at least two designated partners, with at least one being a resident of the country where the LLP is registered.
2. Digital Signature Certificate (DSC): Each designated partner must obtain a Digital Signature Certificate (DSC) to sign documents electronically.
3. Designated Partner Identification Number (DPIN): Each designated partner must obtain a Digital Signature Certificate (DSC) to sign documents electronically.
4. LLP Agreement: The LLP agreement is a formal document that specifies the rights, duties, and responsibilities of the partners and details the LLP’s management structure. It must be prepared and filed with the Registrar of Companies (ROC) within 30 days of the LLP’s incorporation.
5. Address proof: The LLP must provide valid documentation to confirm the address of its registered office.

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 Jharkhand

• Limited liability: In an LLP, partners are responsible for the LLP's debts and obligations only up to the amount of their individual contributions, safeguarding their personal assets from being used to settle these liabilities.
• Separate legal entity: A Limited Liability Partnership (LLP) functions as a distinct legal entity apart from its partners, allowing it to engage in contracts, hold property, and pursue legal actions in its own name.
• Flexibility in management: A Limited Liability Partnership (LLP) operates as an independent legal entity, separate from its partners, allowing it to enter into contracts, own property, and engage in legal actions in its own name.
• Easy to set up: Forming a Limited Liability Partnership is a simple and efficient process, with fewer documentation requirements than other business structures.
• Perpetual succession: An LLP enjoys perpetual succession, enabling it to operate continuously without interruption even when there are changes in partners, such as departures or deaths
• Tax benefits: LLPs enjoy lower tax rates compared to companies, and the profits shared with partners are not subject to additional tax.
• Less compliance requirements: LLPs benefit from lower tax rates than companies, and the profits distributed to partners are not subject to further taxation.
• Transferability of ownership: In India, ownership transfers in an LLP are straightforward, allowing the LLP to continue operating seamlessly despite changes in ownership.
• Access to funding: LLPs can access funding from partners, investors, and banks, which aids in their growth and expansion.
• Credibility and brand image: LLPs can acquire financing from partners, investors, and banks, promoting their growth and expansion.