Limited Liability Partnership Registration in Sikkim

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

Conversion LLP Registration Online: A partnership firm can seamlessly convert to an LLP through the Online LLP Conversion Registration process. This process updates the existing partners to LLP partners and facilitates the smooth transfer of the firm’s assets and liabilities. The conversion offers various benefits, including limited liability protection for partners, the LLP’s status as a separate legal entity, and potential tax advantages.

Checklist for LLP Company Registration:

1. Minimum of two designated partners: An LLP must include at least two designated partners, with one being a resident of the country where the LLP is registered.
2. Digital Signature Certificate (DSC): An LLP must consist of at least two designated partners, one of whom must be a resident of the country where the LLP is registered.
3. Designated Partner Identification Number (DPIN): Each designated partner must secure a Digital Signature Certificate (DSC) for the electronic signing of documents.
4. LLP Agreement: The LLP agreement is an official document that specifies the rights, duties, responsibilities, and management structure of the partners. It must be created and submitted to the Registrar of Companies (ROC) within 30 days of the LLP's incorporation.
5. Address proof: The LLP must submit appropriate 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 Sikkim

• Limited liability: The LLP must supply the required documentation to confirm the address of its registered office.
• Separate legal entity: A Limited Liability Partnership (LLP) functions as an independent legal entity, separate from its partners. This status allows the LLP to enter into contracts, own property, and undertake legal actions on its own behalf.
• Flexibility in management: A Limited Liability Partnership (LLP) functions as a separate legal entity, independent of its partners. This distinction allows the LLP to enter into contracts, own property, and pursue 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: Setting up a Limited Liability Partnership is a streamlined process that involves less documentation compared to other business structures.
• Tax benefits: LLPs benefit from lower tax rates compared to companies, and profits distributed to partners are free from additional taxes.
• Less compliance requirements: LLPs benefit from lower tax rates than companies, and the profits distributed to partners are not subject to additional taxes.
• Transferability of ownership: LLPs benefit from reduced tax rates compared to companies, with profits distributed to partners being exempt from further taxes.
• Access to funding: LLPs can obtain funding from partners, investors, and banks, aiding in their growth and expansion.
• Credibility and brand image: LLPs can secure funding from partners, investors, and banks, which facilitates their development and expansion.