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Thursday, January 18, 2018
You are here : Relevance of LLP in India

Relevance of LLP in India

Summary:

Limited Liability Partnership Firm Registration is gaining immense popularity and has a major role to play. The steps associated with the registration process are rather simple and just require a systematic approach.

LLP is not a new term anymore and has recently earned a lot of popularity. It was in the year 2008 that the newest business kind came into existence. There has been no turning back since then and a large number of firms are getting registered as LLP or Limited Liability Partnership.

What is LLP?

The structure is like that of the private limited company. But the good news is that it needs not require as much of observance as that in the case of the company form.
Read on to find out more about the Limited Liability Partnership Firm Registration.
There is nothing to fret as the procedure is not very complicated. It has a major role to play in ensuring that you are ready with the essential documents.

• DIN Application – The partner needs to apply for the DIN or Director Identification Number. This can be easily done online also. The payments can be made without any hassles with the help of credit card or net banking.

You do not have to submit the documents physically. With the application itself, you can submit the scanned copies of the supporting documents.

The essential documents are listed below:

1. PAN card copy
2. Proof of identity
3. A photograph

• Application for DSC (Digital Signature Certificate) – For this also you will be requiring the documents mentioned above.

• Filing e-Form 1 for Name Reservation – You need to fill the e-form 1 online. This is done for reserving the name for LLP. The name should be different from that of other companies or LLPs. It is to be noted that the name cannot be applied for a trademark.

• Submission of Documents for LLP Incorporation – You need to submit the documents for verification purpose. Once you are done with the allotment of a name, you can proceed with the e-Form 2. You will be getting a Certificate of Incorporation form the authorities only when you have done with the e-Form 2 approval.

Form 3 –LLP agreement needs to be filed within 30 days after the date of the certificate of incorporation. You will be receiving the approval only after Form-3 verification.

You will be requiring a specific set of documents for the purpose of the LLP registration by the governmental authority. These will make you get quick LLP registration.


What are the requirements?

Some of the documents necessary for the LLP Registration are listed below:
First and foremost, you need to pay attention to the fact that you will be requiring 2 partners for LLP firm formation. And both of them will be applying for the DSC and DIN number.

You will be requiring photo identity proof and PAN card copy (of both the partners). Also, you will have to submit a “No Objection Certificate” for use of the required location.

There are not many legal complications associated with the LLP registration as in the case of the private limited company.

Role Played by Consult4India:

GST Registration Number for the New Businesses is very important and is something you cannot do without.
The professionals associated with Consult4India offer Limited Liability Enterprises registration service. You need not worry about the budget as you will get the best of services at highly competitive prices.
The hardworking team believes in offering quality services to the esteemed clients. You need not worry about such problems anymore as you will be getting a solution to your utmost satisfaction

Specialist in providing Total Solutions for Business Set Up anywhere in India starting from setting up of business, incorporation/registration/formation of a company, Business Registrations, Approvals, Regulatory Compliances Advice on Entry and Exit strategy in and from India, Advice on FDI etc. Due to economic liberalization, starting, setting up and doing business in India is no more a hassle.