Limited Liability Partnership Registration in Odisha

LLP registration in Odisha is a preferred option for entrepreneurs and professionals aiming to start a business with limited liability protection. LLPs blend the advantages of traditional partnerships and corporations, providing partners with limited liability while offering flexibility in management and taxation.

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

Regular LLP Registration: Registering an LLP in Meghalaya is a compelling option for entrepreneurs and professionals aiming to establish a business with limited liability protection. LLPs offer the advantages of both traditional partnerships and corporations, giving partners limited liability while allowing for flexible management and taxation.

Conversion LLP Registration Online: A partnership firm can smoothly convert to an LLP using the Online LLP Conversion Registration process. This procedure updates the current partners to LLP partners and transfers the firm’s assets and liabilities seamlessly. The conversion offers several advantages, such as limited liability protection for partners, the LLP’s status as a separate legal entity, and potential tax benefits.

Checklist for LLP Company Registration:

1. Minimum of two designated partners: An LLP must have a minimum of two designated partners, one of whom must be a resident of the country where the LLP is registered.
2. Digital Signature Certificate (DSC): An LLP requires a minimum of two designated partners, with at least one being a resident of the country where the LLP is registered.
3. Designated Partner Identification Number (DPIN): Every designated partner is required to obtain a Digital Signature Certificate (DSC) for electronic document signing.
4. LLP Agreement: The LLP agreement is an official document outlining the partners' rights, duties, responsibilities, and management structure. It must be prepared and submitted to the Registrar of Companies (ROC) within 30 days of the LLP's incorporation.
5. Address proof: The LLP must provide proper 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 Odisha

• Limited liability: The LLP is required to provide the necessary documentation to verify the address of its registered office.
• Separate legal entity: A Limited Liability Partnership (LLP) operates as a separate legal entity, distinct from its partners. This status permits the LLP to enter contracts, hold property, and pursue legal actions independently.
• Flexibility in management: A Limited Liability Partnership (LLP) functions as an independent legal entity, distinct from its partners. This separation empowers the LLP to enter contracts, own property, and initiate legal actions in its own name.
• Easy to set up: Establishing a Limited Liability Partnership is a straightforward and efficient process, involving less documentation compared to other business structures.
• Perpetual succession: Creating a Limited Liability Partnership is a streamlined and efficient process that demands less documentation than other business structures.
• Tax benefits: LLPs enjoy lower tax rates than companies, and profits distributed to partners are exempt from further taxation.
• Less compliance requirements: LLPs benefit from lower tax rates than companies, and profits distributed to partners are not subject to additional taxes.
• Transferability of ownership: LLPs benefit from reduced tax rates compared to companies, and profits allocated to partners are not subject to further taxation.
• Access to funding: LLPs can secure funding from partners, investors, and banks, which supports their growth and expansion.
• Credibility and brand image: LLPs can obtain funding from partners, investors, and banks, which helps drive their development and expansion.