Limited Liability Partnership Firm (LLP)
₹9,999.00
Service Includes- LLP registration with 2 DSC, 2 DIN, 1 RUN name approval, LLP deed drafting, PAN, TAN , GST registration, MSME Registration, Zero-Balance Current Account, CA Assisted GST Return filling for 3 Months.
What is a LLP Limited Liability Partnership?
Limited Liability Partnership (LLP) was introduced in India by way of the Limited Liability Partnership Act, 2008. The basic premise behind the introduction of Limited Liability Partnership (LLP) is to provide a form of business entity that is simple to maintain while providing limited liability to the owners. LLP is one of the easiest types of business to incorporate and manage in India. With an easy incorporation process and simple compliance formalities, LLPs are preferred by Professionals, Micro and Small businesses that are family-owned or closely-held. Since LLPs are not capable of issuing equity shares, LLP should NOT be chosen for any business that has plans for raising equity funds from Angel Investors, Venture Capitalist or Private Equity Funds.
Post-Incorporation LLP Compliances
e-FillingSeva.com can help you maintain the basic accounting and compliance for your LLP – at a very affordable price point. Our LLP accounting and compliance packages start from Rs.19999 per year. The following are compliances that a LLP must complete each year.
Income Tax Return: LLPs must file income tax return using Form ITR 5. Form ITR 5 can be filed online through the income tax website using the digital signature of the designated partner.
MCA Annual Return: LLP Form 11 is due on or before 30th of May each year. Form 11 contains details of the number of partners, total number of partners, total contribution received by all partners, details of body corporate as partners and summary of partners.
In addition to LLP Form 11, Form 8 must be filed within 30 days from the end of 6 months of the financial year along with some prescribed fee. Hence, LLP Form 8 would be due on or before 30th October of each financial year.
In addition to the above, GST registration, GST return filing and TDS return filing would be required for the LLP – based on the sales turnover and various other criteria.
Documents Required for LLP Incorporation
For the Partners
- PAN Card or Passport for Foreigners.
- Drivers license or Aadhar card, residence card or election identity card or any other identity proof issued by the Government.
- Less than 3 months old bank statement or telephone bill.
Registered Office Proof
- The authorization from the Landlord (Name mentioned in the Electricity Bill or Gas Bill or Water Bill or Property Tax Receipt or Sale Deed) to use the premises by the company as its registered office. This is usually referred to as NOC from Landlord; AND
- Proof of evidence of any utility service like telephone, gas, electricity, etc. depicting the address of the premises in the name of the owner or document, which is not older than two months.
LLP Registration Process at eFilingSeva.com
The average time taken to complete an LLP registration is about 15 – 20 working days, subject to government processing time and client document submission. At the start of the engagement, Our Expert will reach out to you for the guidance about the necessary information or documents for registration of LLP. The data can be submitted online through our mobile app or website.
Once the information is received, it is verified by the Expert Professional, the process for obtaining Digital Signatures for the Partners of the LLP would be initiated. On submission of the digital signature application, the applicant would have to complete OTP verification and a video KYC check. In parallel to the digital signature application process, we also file a request with the MCA for reserving the name of the LLP – you had selected.
On obtaining the name approval and the digital signatures, we would draft all the incorporation documents for the registration of the LLP and sent it to the Partners for signature. All of the Partners must sign the document and upload a scanned copy of the signed document on the eFilingSeva.com platform.
The signed incorporation documents are submitted along with the application for the incorporation of LLP to the MCA. The approval from MCA can take anywhere between 2 – 5 working days. Once the approval is obtained, the LLP would be incorporated, and we begin the process of helping you obtain PAN for the LLP and opening of bank account in the name of the LLP. In parallel, we also draft the LLP Partnership Deed. All the partners of the LLP must sign the LLP Partnership Deed on stamp paper, and the signed copy must be uploaded to the eFilingSeva.com platform within 25 days of incorporation. The signed LLP partnership deed is then verified by the Expert Professional and uploaded on the MCA portal within 30 days of incorporation to complete the LLP registration process.
After Completion of Incorporation All the Documents in Original will be sent by courier to the registered office address.
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