If you’re looking to start a business with a partner, a Limited Liability Partnership (LLP) is a great option. An LLP combines the advantages of a partnership with those of a limited liability company, giving partners a lot of flexibility and protection.
Limited Liability Partnership Registration
At Tax Suvidha Kendra, we are a leading LLP registration service provider in Delhi. Our team of experts can guide you through the process of LLP registration, ensuring that your business complies with all the necessary legal requirements. With our efficient and cost-effective services, you can have your LLP registered in no time and focus on growing your business. Whether you’re starting a new business or converting an existing one into an LLP, we are here to help you every step of the way.
Why do you need a Limited Liability Partnership Registration?
1. Limited Liability Protection
One of the biggest advantages of registering an LLP is that it offers limited liability protection to its partners. This means that the personal assets of the partners are protected in case of any legal action against the business.
2. Separate Legal Entity
An LLP is considered as a separate legal entity, distinct from its partners. This means that it can own property, enter into contracts, and conduct business in its own name.
3. Flexibility
LLPs are highly flexible when it comes to managing the business and sharing profits. Partners can choose to distribute profits in any proportion they desire, and they have the freedom to manage the business as they see fit.
4. Easy to Set Up
LLP registration is a relatively straightforward process and can be done with the help of a professional LLP registration service provider like Tax Suvidha Kendra. Once registered, the LLP can start conducting business immediately.
5. Increased Credibility
Registering as an LLP can increase the credibility of your business, making it easier to attract investors and secure financing. It also provides a more formal structure, which can help you establish a clear set of rules and guidelines for your business.
Documents Required for Limited Liability Partnership Registration
- PAN Card of all partners
- Identity proof (Aadhaar Card/ Voter ID Card/ Driving License) of all partners
- Address proof (Bank statement/ Electricity bill/ Telephone bill) of all partners
- Passport-sized photographs of all partners
- Proof of the registered office address (Rent agreement/ Property papers)
- No Objection Certificate (NOC) from the landlord (if rented property)
- Digital Signature Certificate (DSC) of all designated partners
- LLP agreement (drafted by a professional)
Note: The documents required may vary depending on the state and the type of business activity. It is recommended to consult with a professional LLP registration service provider like Tax Suvidha Kendra for accurate and up-to-date information.
FAQ's
To register an LLP, a minimum of two partners are required. There is no limit on the maximum number of partners.
The process for LLP registration involves obtaining a Digital Signature Certificate (DSC) for the designated partners, applying for Director Identification Number (DIN), selecting a suitable name for the LLP, preparing the LLP agreement, and filing the necessary forms with the Ministry of Corporate Affairs.
The LLP registration process typically takes around 15-20 days, depending on the processing time of the Ministry of Corporate Affairs and the availability of all necessary documents.
Yes, an LLP can be converted to a private limited company, but the process requires approval from the Ministry of Corporate Affairs and compliance with the applicable laws and regulations.
For more information and assistance with LLP registration, contact Tax Suvidha Kendra, a leading LLP registration service provider in Delhi.
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