Limited Liability Partnership Registration in Nagaland
LLP company registration in Nagaland is a popular choice for entrepreneurs and professionals looking for 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 combine the benefits of traditional partnerships and corporations, providing partners with limited liability and flexibility in both management and taxation.
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): An LLP must have at least two designated partners, with one of them being a resident of the country where the LLP is registered.
- LLP Agreement: The LLP agreement is an official document that outlines the rights, duties, responsibilities, and management structure of the partners. 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 allows the LLP to enter into contracts, own property, and pursue legal actions in its own name.
- Flexibility in management: A Limited Liability Partnership (LLP) operates as an independent legal entity, distinct from its partners. This setup enables the LLP to enter into contracts, own property, and initiate legal actions 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.