Limited Liability Partnership Registration in West Bengal

LLP registration in West Bengal is a top choice for entrepreneurs and professionals aiming to start a business with limited liability protection. The LLP Company Registration Process in West Bengal merges the advantages of a traditional partnership and a corporation, providing limited liability to partners while offering flexibility in both management and taxation.

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

Regular LLP Registration: This is the typical Online LLP Registration intended mainly for business purposes. The partners are responsible for managing the LLP, which is taxed according to the Income Tax Act.

Conversion LLP Registration Online: An existing partnership firm can be converted into an LLP using the Online Conversion LLP Registration process. In this process, the firm’s partners become designated partners in the LLP, with the firm’s assets and liabilities being transferred to the new entity. This conversion offers several benefits, including limited liability for partners, the LLP’s recognition as a distinct legal entity, and possible tax advantages. Utilizing LLP Registration Services can help ensure a seamless and efficient transition. For those asking What LLP Registration in West Bengal entails, it is the process of officially setting up a Limited Liability Partnership, which blends the advantages of both partnerships and corporations.

Checklist for LLP Company Registration:

1. Minimum of two designated partners: An LLP must have a minimum of two designated partners, with at least one of them being a resident of the country where the LLP is registered.
2. Digital Signature Certificate (DSC): All designated partners must acquire a DSC (Digital Signature Certificate) to sign documents electronically.
3. Designated Partner Identification Number (DPIN): All designated partners must obtain a DPIN (Designated Partner Identification Number) from the Ministry of Corporate Affairs (MCA) or the appropriate authority in their respective country.
4. LLP Agreement: An LLP agreement is a legal document that specifies the rights, duties, and responsibilities of the partners and details the management structure of the LLP. It must be created and filed with the Registrar of Companies (ROC) within 30 days of the LLP’s incorporation.
5. Address proof: The registered office of the LLP must furnish 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

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 West Bengal

• Limited liability: The partners of an LLP are liable for the LLP’s debts and obligations only up to the amount of their contributions. Their personal assets are protected 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 autonomy to run the business and make decisions independently, free from the influence of external shareholders.
• Easy to set up: Establishing a Limited Liability Partnership is a simple and quick process, with fewer documentation requirements compared to other business entities.
• Perpetual succession: An LLP has perpetual succession, meaning it remains operational even if partners leave or pass away.
• Tax benefits: LLPs benefit from a lower tax rate compared to companies, and partners are not taxed on the profits they receive from the LLP.
• Less compliance requirements: LLPs have simpler compliance requirements than companies, which leads to reduced costs and less time required for compliance.
• Transferability of ownership: In India, LLP ownership can be transferred smoothly, enabling the LLP to remain operational without disruption even when ownership changes.
• Access to funding: LLPs can acquire funding from partners, investors, and banks, aiding in their growth and expansion.
• Credibility and brand image: Registering as an LLP boosts the business's credibility and professional reputation, which is essential for drawing in customers, investors, and partners.