LLP Registration

What is LLP?

LLP Registration in India has become an alternative form of business that provides the advantages of a Company and the flexibility of a Partnership firm into a single organization. The Concept of LLP in India was introduced back in 2008 by the Limited Liability Partnership Act of 2008. This unique hybrid is suitable for setting small, medium-sized businesses.

It is very easy to manage and incorporate a Limited Liability Partnership in India. To register an LLP minimum of two partners are required, there is no upper limit as such. The LLP agreement states the rights and the duties of the Partners. In an LLP one partner is not responsible for the misconduct and negligence of the other partner. The partners are responsible for the compliances and all the provisions that are specified in the LLP agreement.

Edit Content

Documents Required For LLP Registration

The LLP agreement states the rights and the duties of the Partners. In an LLP one partner is not responsible for the misconduct and negligence of the other partner.

A. Min. 2 partner required.

Indian National PAN Card, Govt. ID Proof, Aadhar Card, Electricity Bills, Rent Agreement, Driving License, Voter ID, Photo, Business Address Proof
Foreign Nationals PAN Card, Govt. ID Proof, Aadhar Card, Electricity Bills, Rent Agreement, Driving License, Voter ID, Photo, Business Address Proof

Edit Content

Compliances Required For Sole Proprietorship Firm

A sole proprietor is the sole owner of the proprietorship business. Hence, a business will be carried forward by making new bank account for the business and GST registration will be done by using PAN and Aadhar of the proprietor. The proprietor is completely responsible for all the assets and liabilities of the business.

Income Tax Return Filing The proprietorship's business owner must submit a personal income tax return using form ITR-3 or ITR-4
Business Income Only the ITR-3 and ITR-4 income tax forms allow for the declaration of business income. As a result, in order to comply with income tax requirements, all proprietorships must submit forms ITR-3 or ITR-4
GST Return Filing If a proprietorship is registered for GST, a filing GST return each month and every three months in accordance with the business's registration plan
TDS Returns Tax must be withheld at source and TDS returns must be filed quarterly if the proprietorship has employees or spends more than a specific amount on goods and services.

Edit Content

Apply Now

Our team at CA on Web is available at your service and will help you to obtain the registration in a small time frame of 7 to 12 days. All you need is to plan for the business and all the paper work and formalities will be handled by our team of experts. The entire process of registering a company in India is regulated by a body called MCA (Ministry of Corporate Affairs). The incorporation and registration process requires certain formalities to be fulfilled.