Unique Features
The unique features for a limited liability partnership company are enlisted below.
- Separate legal entity as the agreement is created in such a manner that the partners are not liable to be sued against LLP
- Low cost of forming LLP as it is easy to form
- Low regulations and compliance by government comparing with the restriction for company
- No capital contribution is required from the partners of the LLP firm registration online in bangalore
A minimum of 2 partners are required to register a LLP. But there is no other upper limit set for partner limitation, expect for one specification that one among the partners must reside in India. The partner’s duties and rights are monitored by LLP agreement authorities based on LLP Act 2008 and LLP Reistartion agreement. Thus, Limited liability Partnership Act, 2008 determines its requirements and rules for the LLP company registration in bangalore. This has restriction to some or all partners of the company. Never a partner is liable for any profit or loss from the company. Any kind of neglegance is to be managed by the owner of the company. The private agreement will govern the members and maintains a healthy relationship.
The flexibility among the partners is the best advantage of working out such a start-up. The bonds and procedures are to be followed perfectly. Both company and partnership firm is combined into oneone single form.
To start a Partnership Firm Registration in Bangalore, our service providers provide services like LLP Accounting,LLP Income Tax Filling, LLP Accounting and LLP Registration process foreign ownership of LLP. We assure to give the best output from our company service providers. All our service providers are talented and possess the best knowledge in the perspective. All partners are benefited enormously when compared to all other types of registration. This is very easy to convert into other forms of firms. Thus, we stand by your side at all point of registration and conversions. We are available to serve you at economic pricing. Never think back for any second thought.
| Form name | Form purpose |
|---|---|
| RUN – LLP (Reserve Unique Name-Limited Liability Partnership | Form for reserving a name for the LLP |
| *FiLLiP | Form for incorporation of LLP |
| Form 5 | Notice for change of name |
| Form 17 | Application and statement for the conversion of a firm into LLP |
| Form 18 | Application and Statement for conversion of a private company/unlisted public company into LLP |
One person company Procedural steps
- Step 1: Obtain DSC
- Step 2: DIN Application
- Step 3: Approval for Name
- Step 4: LLP Incorporations
- Step 5: LLP Agreement Filing
The process of registration is as follows in a stepwise manner
Obtain DSC
We at Chennai Filings, favour our clients in all the above-mentioned procedures. Obtaining DSC is a very important and efficient step that requires the approval of the designated partner’s signature approval. The application for DSC is done through us at economic pricing.
DIN Application
The procedure of DIN application is very much necessary as it must be carried forward all the designated partners. This is done by filing DIR – 3 form and submitted with scan copies of Aadhaar and PAN cards. Submitting form is to be signed by the Secretary, who is employed for full time in the company or by the Managing Director/Director/CEO/CFO of the present company.
Approval for Name
The name of the LLP RUN is proposed to the Central Registration Centre under Non-STP. Prior to the selection of the name checking at MCA Portal for its availability is very important as MCA Portal shows the closely related or similar names on search. The Name selected must be approved by the registrar and must be unique without resembling or replicating any other names. The LLP RUN (Limited Liability Partnership-Reserve Unique Name) has to be applied following the payment of the amount quoted in the Annexure ‘A’. The rectified form can be re-submitted within the next 15 days with two proposed names.
LLP Incorporations
- Form for incorporation of Limited Liability Partnership is filed by the registrar who belongs to the same jurisdiction office premises and the form is an integrated one
- Payment of fees based on Annexue ‘A’ quote
- A person who does not hold DPIN gets his DPIN number on its own after registration
- Applications can be submitted online through FiLLiP.
- After name approval it will be registered in the list
- Documents required for LLP registration are the office address proof, Digital Signature Certificate. The documents required from partners
- PAN Card/ ID Proof of the Partners: This is considered the primary proof
- Address Proof of the partners can be submitted with anyone document out of the following
- Voter’s ID,
- Passport,
- Driving license
- Aadhar Card
The details submitted will be checked and corrected by our team before submitting it to RoC
- Residence Proof of Partners must be within the timeframe of 2-3 months. The documents such as
- Latest bank statement
- Telephone bill
- Mobile bill
- Electricity bill
- Gas bill
- Photograph that is submitted must be a passport size photograph with white background
- Passport
In case of Foreign Nationals/ NRIs the passport copy must be notarized or apostilled by the relevant authorities of their country. Even Indian Embassy situated in their countries can also sign it.
Time involved
Chennai Filings utilizes a very short period to complete all the process. We are at your reach always.
FAQs
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