Limited Liability Partnership Registration in Telangana

LLP company registration in Telangana is a preferred choice for entrepreneurs and professionals seeking limited liability protection. LLPs combine the benefits of traditional partnerships and corporations, offering partners limited liability and flexibility in management and taxation. If you're wondering What is LLP Registration in Telangana, it involves establishing a business structure that provides partners with limited liability while allowing operational flexibility, making it a popular option throughout the region and across the country.

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

Regular LLP Registration: Forming an LLP in Tripura is an appealing option for entrepreneurs and professionals seeking limited liability protection. LLPs combine the strengths of traditional partnerships and corporations, offering partners limited liability and flexibility in management and taxation. Additionally, completing the Form for LLP Incorporation ensures that your business is established with all the necessary legal safeguards in place.

Conversion LLP Registration Online: A partnership firm can easily convert to an LLP using the Online LLP Conversion Registration process. This process transforms existing partners into LLP partners and facilitates the smooth transfer of the firm’s assets and liabilities. Transitioning to an LLP offers several benefits, including limited liability protection for partners, recognition as a separate legal entity, and potential tax advantages. Understanding the Registration Process of LLP Partnership is crucial to ensure a seamless conversion and to fully leverage these benefits.

Checklist for LLP Company Registration:

1. Minimum of two designated partners: An LLP must have at least two designated partners, with one of them required to be a resident of the country where the LLP is registered.
2. Digital Signature Certificate (DSC): An LLP must include at least two designated partners, with one of them required to be a resident of the country where the LLP is registered.
3. Designated Partner Identification Number (DPIN): All designated partners must acquire a Digital Signature Certificate (DSC) to sign documents electronically.
4. LLP Agreement: The LLP agreement is a formal document detailing the rights, duties, responsibilities, and management structure of the partners. It must be prepared and filed with the Registrar of Companies (ROC) within 30 days of the LLP's establishment.
5. Address proof: The LLP must furnish the required documentation to validate 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 Telangana

• Limited liability: The LLP must submit the necessary documentation to confirm the address of its registered office.
• Separate legal entity:  A Limited Liability Partnership (LLP) operates as a distinct legal entity, separate from its partners. This status enables the LLP to enter into contracts, own property, and undertake legal actions under its own name.
• Flexibility in management: A Limited Liability Partnership (LLP) functions as an independent legal entity, separate from its partners. This arrangement allows the LLP to enter into contracts, hold property, and engage in legal actions in its own name.
• Easy to set up: Establishing a Limited Liability Partnership is an easy and efficient process that involves less paperwork than other business structures.
• Perpetual succession: Setting up a Limited Liability Partnership is a streamlined process that requires less documentation compared to other business structures.
• Tax benefits: LLPs benefit from lower tax rates compared to companies, and profits distributed to partners are exempt from additional taxes.
• Less compliance requirements: LLPs enjoy lower tax rates compared to companies, and profits allocated to partners are not subject to further taxation.
• Transferability of ownership: LLPs benefit from reduced tax rates compared to companies, with profits distributed to partners exempt from additional taxation.
• Access to funding: LLPs enjoy lower tax rates than companies, and profits shared with partners are not subject to further taxes.
• Credibility and brand image: LLPs can obtain funding from partners, investors, and banks, which facilitates their development and expansion.