Limited Liability Partnership Registration in Nagaland
In Nagaland, LLP company registration is a common option for professionals and business owners seeking limited liability protection. LLPs combine the benefits of traditional partnerships and corporations, granting partners limited liability and offering flexibility in both management and taxation.
There are two types of Limited Liability Partnership (LLP) Registration:
Regular LLP Registration: Establishing an LLP in Nagaland is an attractive option for entrepreneurs and professionals seeking limited liability protection. LLPs give partners limited liability and flexibility in management and taxation, combining the advantages of regular partnerships and corporations.
Conversion LLP Registration Online: A partnership firm can smoothly transition to an LLP using the Online LLP Conversion Registration process. This process updates the existing partners to LLP partners and facilitates the seamless transfer of the firm's assets and liabilities. Converting to an LLP offers several benefits, including limited liability protection for partners, recognition as a separate legal entity, and potential tax advantages.
Checklist for LLP Company Registration:
Minimum of two designated partners: An LLP must have a minimum of two designated partners, with at least one partner residing in the country where the LLP is registered.
Digital Signature Certificate (DSC): An LLP must have at least two designated partners, with one of them being a resident of the country where the LLP is registered.
Designated Partner Identification Number (DPIN): A minimum of two designated partners are required for an LLP, one of whom must reside in the nation in which the LLP is registered.
LLP Agreement: This formal contract describes the partners' rights, obligations, and management structure. It must be drafted and submitted to the Registrar of Companies (ROC) within 30 days of the LLP's formation.
Address proof: The LLP must provide the necessary 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
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 Nagaland
Limited liability: The LLP must provide the required documentation to verify the address of its registered office.
Separate legal entity: A Limited Liability Partnership (LLP) functions as a separate legal entity, independent from its partners. This gives the LLP the ability to hold property, sign contracts, and file lawsuits in its own name.
Flexibility in management: A Limited Liability Partnership (LLP) operates as an independent legal entity, distinct from its partners. This gives the LLP the ability to hold property, sign contracts, and file lawsuits in its own name.
Easy to set up: Setting up a Limited Liability Partnership is a straightforward and efficient process that requires less paperwork compared to other business structures.
Perpetual succession: Forming a Limited Liability Partnership is a streamlined process that demands less documentation than other business structures.
Tax benefits: LLPs enjoy reduced tax rates compared to companies, with profits distributed to partners not subject to additional taxes.
Less compliance requirements: LLPs benefit from lower tax rates than companies, with profits distributed to partners exempt from further taxation.
Transferability of ownership: LLPs enjoy lower tax rates than companies, and profits distributed to partners are not subject to additional taxation.
Access to funding: LLPs benefit from lower tax rates compared to companies, and the profits distributed among partners are not subject to additional taxes.
Credibility and brand image: LLPs can secure funding from partners, investors, and banks, which supports their growth and expansion.