Limited Liability Partnership Registration in Mizoram

LLP registration in Mizoram is a popular choice for entrepreneurs and professionals aiming to start a business with limited liability protection. LLPs combine the benefits of traditional partnerships and corporations, offering limited liability to partners and flexibility in management and taxation.

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

Regular LLP Registration: Registering an LLP in Meghalaya is an appealing option for entrepreneurs and professionals looking to launch a business with limited liability protection. LLPs blend the advantages of traditional partnerships with those of corporations, granting partners limited liability while offering flexibility in both management and taxation.

Conversion LLP Registration Online: A partnership firm can effortlessly convert to an LLP through the Online LLP Conversion Registration process. This conversion reassigns existing partners as LLP partners and smoothly transfers the firm’s assets and liabilities. It offers several advantages, including limited liability protection for partners, the LLP’s recognition as a separate legal entity, and possible tax benefits.

Checklist for LLP Company Registration:

1. Minimum of two designated partners: An LLP must include at least two designated partners, with one partner required to be a resident of the country where the LLP is registered.
2. Digital Signature Certificate (DSC): An LLP must have at least two designated partners, one of whom must be a resident of the country in which the LLP is registered.
3. Designated Partner Identification Number (DPIN): Each designated partner must acquire a Digital Signature Certificate (DSC) to sign documents electronically.
4. LLP Agreement: The LLP agreement is a formal document detailing the partners' rights, duties, responsibilities, and management structure. It must be created and filed with the Registrar of Companies (ROC) within 30 days of the LLP’s incorporation.
5. Address proof: The LLP must present valid documentation to verify 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 Mizoram

• Limited liability: The LLP must submit the required documentation to confirm the address of its registered office.
• Separate legal entity: A Limited Liability Partnership (LLP) operates as a separate legal entity, independent of its partners. This status enables the LLP to enter into contracts, hold property, and initiate legal actions under its own name.
• Flexibility in management: A Limited Liability Partnership (LLP) operates as a distinct legal entity, separate from its partners. This independence allows the LLP to enter into contracts, own property, and initiate legal actions in its own name.
• Easy to set up: Forming a Limited Liability Partnership is a simple and efficient process that requires less documentation than other business structures.
• Perpetual succession: Establishing a Limited Liability Partnership is a streamlined and efficient process that involves less documentation than other business structures.
• Tax benefits: LLPs benefit from reduced tax rates compared to companies, with profits distributed to partners being free from additional taxes.
• Less compliance requirements: LLPs receive lower tax rates compared to companies, and the profits shared with partners are not subject to further taxation.
• Transferability of ownership: LLPs enjoy lower tax rates than companies, and the profits allocated to partners are not liable for additional taxation.
• Access to funding: LLPs can access funding from partners, investors, and banks, facilitating their growth and expansion.
• Credibility and brand image: LLPs can acquire funding from partners, investors, and banks, which aids in their development and expansion.