Limited Liability Partnership (LLP) Registration

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Limited Liability Partnership (LLP) Registration

We are give you a general overview of the process involved in forming a Limited Liability Partnership (LLP) Registration , which is typically handled by CA Amit K Chawla & Co. Here's a step-by-step guide:

  1. Understanding LLP: Before starting the process, it's essential to understand what an LLP is. An LLP is a form of business structure that combines the benefits of a partnership with the limited liability feature of a corporation.

  2. Choose Partners: LLPs require at least two partners, and there is no maximum limit on the number of partners. The partners can be individuals or corporate entities.

  3. Name Reservation: Choose a unique name for the LLP and check its availability with the Registrar of Companies (RoC) in your jurisdiction. The name should comply with the guidelines set by the RoC.

  4. Draft LLP Agreement: Prepare an LLP agreement that outlines the rights, duties, and responsibilities of each partner. This agreement should be drafted according to the LLP Act and must be notarized.

  5. Filing of Incorporation Documents: Prepare and file the necessary incorporation documents with the RoC. These documents typically include:

    • Form 1: Application for the reservation of the LLP name
    • Form 2: Incorporation document and statement
    • Form 3: LLP agreement
  6. Payment of Fees: Pay the requisite fees for filing the incorporation documents. The fees vary depending on the authorized capital of the LLP.

  7. Verification of Documents: The RoC will verify the submitted documents and may request additional information or clarification if necessary.

  8. Certificate of Incorporation: Once the documents are verified and approved, the RoC will issue a Certificate of Incorporation. This certificate confirms the existence of the LLP.

  9. Obtain PAN and TAN: Apply for Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for the LLP from the Income Tax Department.

  10. Compliance Requirements: Ensure compliance with ongoing regulatory requirements such as filing annual returns, maintaining books of accounts, and adhering to tax obligations.

  11. Registration for GST (if applicable): If the LLP's turnover exceeds the prescribed threshold, register for Goods and Services Tax (GST) as per the GST Act.

  12. Open Bank Account: Once the LLP is incorporated, open a bank account in the name of the LLP and deposit the initial capital.

It's essential to consult with a qualified professional, such as a Chartered Accountant or a Company Secretary like CA Amit Chawla & Co. to ensure compliance with all legal and regulatory requirements specific to your jurisdiction. Additionally, laws and regulations may vary from one country to another, so it's crucial to be aware of the requirements in your particular location. Contact us today at +91-9044742447 for Limited Liability Partnership Registration Service