Limited Liability Partnership
What is a Limited Liability Partnership…?
A limited
partnership is when two or more partners go into business together, with the
limited partners only liable up to the amount of their investment.
Advantages of LLP
1. No requirement of minimum contribution
2. No limit on owners of the business
3. Lower registration cost
4. No requirement of compulsory Audit
5. Taxation Aspect on LLP
Disadvantages of LLP
1. Penalty for Non-Compliance
2. Inability to Have Equity Investment
3. Higher Income Tax Rate
About Limited Liability Partnership's Structure.
|
Details |
businesses that focus on providing services. Businesses don't require
a lot of investment. |
|
Minimum No of Partner |
2 |
|
Compliance |
Low |
|
Obtaining Fund |
Moderate |
|
Tax Rate |
Tax@30% |
Steps to register LLP
Step 2: DIN
Step 3: Name
Approval
Step 4:
Drafting MOA and AOA
Step 5:
Incorporation Application
Step 6: PAN
and TAN Application
Step 7: Company Registration In 7 To 15 Working days
Required Documents For Register LLP
- PAN CARD
(Director)
- ADHAR
CARD (Director)
- DSC (if
you have)
- PHOTO
(Director)
- TRADE
NAME ( XYZ ENTERPRISES)
- NATURE
OF BUSINESS
- LIGHT
BILL (For Address)
- RENT
AGREEMENT (if office is rented)
- PASSPORT/VOTING/DRIVING
LICENSE
- BANK
STATEMENT (director)
Free Consultancy
Contact Us
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