Limited Liability Partnership Registration in Noida
A Limited Liability Partnership (LLP) is a corporate entity created and registered under the Limited Liability Partnership Act, 2008. It operates as a separate legal entity from its partners and enjoys perpetual succession. Alterations in the partnership do not affect the LLP's continuity, rights, or obligations. To establish an LLP, it's essential to complete the Form For LLP Incorporation to ensure compliance with legal requirements.
There are two types of Limited Liability Partnership (LLP) Registration :
Regular LLP Registration: This is the standard Online LLP Registration, where the LLP is primarily formed for business purposes. The partners manage the LLP, which is taxed under the Income Tax Act.
Conversion LLP Registration Online: An existing partnership firm can be converted into an LLP through the Online Conversion LLP Registration process. During this conversion, the firm's partners become designated partners in the LLP, and the firm's assets and liabilities are transferred accordingly. This transition provides several benefits, including limited liability for partners, the LLP’s recognition as a separate legal entity, and potential tax advantages. Leveraging LLP Registration Services can help ensure a smooth and efficient conversion process.
Checklist for LLP Company Registration:
- Minimum of two designated partners: An LLP must include a minimum of two designated partners, with at least one partner being a resident of the country where the LLP is registered.
- Digital Signature Certificate (DSC): All designated partners must obtain a DSC to sign documents electronically.
- Designated Partner Identification Number (DPIN): All designated partners must obtain a DPIN from the Ministry of Corporate Affairs (MCA) or the appropriate authority in their respective country.
- LLP Agreement: An LLP agreement is a legal document detailing the rights, duties, and responsibilities of the partners, along with the management structure of the LLP. This agreement must be prepared and filed with the Registrar of Companies (ROC) within 30 days of incorporation.
- Address proof: The registered office of the LLP must present valid address proof.
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 Noida
- Limited liability: The partners of an LLP are responsible for the LLP’s debts and obligations only up to the extent of their contributions. Their personal assets are safeguarded and remain unaffected.
- Separate legal entity: A Limited Liability Partnership (LLP) functions as an independent legal entity, distinct from its partners. This status allows it to enter into contracts, own property, and participate in legal actions on its own behalf.
- Flexibility in management: The partners of an LLP have the flexibility to manage the business and make decisions independently, without interference from external shareholders.
- Easy to set up: Creating a Limited Liability Partnership is an easy and quick process, with fewer documentation requirements compared to other types of business entities.
- Perpetual succession: An LLP has perpetual succession, so it continues to operate even if partners leave or pass away.
- Tax benefits: LLPs are subject to a lower tax rate than companies, and partners are not taxed on the profits they receive from the LLP.
- Less compliance requirements: LLPs have simpler compliance requirements compared to companies, leading to lower costs and less time needed for compliance.
- Transferability of ownership: In India, ownership of an LLP can be transferred smoothly, and the LLP will remain operational without disruption even with changes in ownership.
- Access to funding: LLPs can obtain funding from partners, investors, and banks, which helps support business growth and expansion.Top of Form
- Credibility and brand image: Registering as an LLP improves the business's credibility and professional reputation, which is vital for attracting customers, investors, and partners.