Limited liability Partnership

LLP refers to Limited liability partnership and is governed by Limited Liability Partnership Act 2008. Limited Liability partnership provides advantage of limited liability to its owners and at the same time requires minimal maintenance. The directors of a private limited company have limited liability to creditors. In case of default, banks / creditors can only sell company’s assets and not personal assets of directors.
LLP Registration can be done through Monitrix in Delhi NCR, Mumbai, Bengaluru, Chennai and all other Indian cities.
Choose LLP because

  • Dual advantages- Company and a Partnership
  • No partner will be responsible for other partner’s misconduct
  • Cheaper to incorporate than a private limited company
  • Limits the liabilities of its partners


Documents required for LLP REGISTRATION

  Copy of PAN Card of partners

  Passport size photograph of partners

  Copy of Aadhaar Card/ Voter identity card

  Copy of Rent agreement(If rented property)

  Electricity/ Water bill (Business Place)

  Copy of Property papers(If owned property)

  Landlord NOC (Format will be provided)

Key Points

  • Separate Legal Entity

    A LLP is a legal entity and a juristic person established under the Act. Therefore, a LLP has wide legal capacity and can own property and also incur debts. However, the Partners of a LLP have no liability to the creditors of a LLP for the debts of the LLP.

  • Uninterrupted Existence

    A LLP has 'perpetual succession', that is continued or uninterrupted existence until it is legally dissolved. A LLP being a separate legal person, is unaffected by the death or other departure of any Partner. Hence, a LLP continues to be in existence irrespective of the changes in ownership.

  • Audit NOT Required

    A LLP does not require audit if it has less than Rs. 40 lakhs of turnover and less than Rs.25 lakhs of capital contribution. Therefore, LLPs are ideal for startups and small businesses that are just starting their operations and want to have minimal regulatory compliance related formalities.

  • Easy Transferability

    The ownership of a LLP can be easily transferred to another person by inducting them as a Partner of the LLP. LLP is a separate legal entity separate from its Partners, so by changing the Partners, the ownership of the LLP can be changed.

  • Owning Property

    A LLP being an artificial judicial person, can acquire, own, enjoy and sell, property in its name. No Partner can make any claim upon the property of the LLP - so long as the LLP is a going concern.

what plan you need?

Starter

DSC DIN LLP deed drafting PAN TAN
and government fees for incorporation.
Inclusive of government fee and GST.

7250
Buy Now
Deluxe

DSC, DIN, LLP deed drafting, name approval, PAN,
TAN, government fees for incorporation and one yea
TDS return filing. Inclusive of government fee and GST.

12500
Buy Now
Premium

DSC, DIN, LLP deed drafting , name approval, PAN, TAN,
government fees for incorporation, one year TDS return filing
and trademark filing*. Inclusive of government fee and GST.

17500
Buy Now

STEPS INVOLVED IN LLP REGISTRATION

  • 1. Application of DSC & DPIN:

    Our very first step in this direction would be getting Digital Signature Certificate (DSC) and Designated Partner Identification Number (DPIN) for the proposed Partners of the LLP. Within a timeframe of 5 to 7 working days DPIN and DSC can be obtained for the proposed Partners. If the partners already have DSC and DPIN, then this step can be skipped.

  • 2. Name approval:

    A minimum of one and a maximum of six proposed names are required to be given to the MCA. Subject to availability, naming guidelines and MCA processing time, we will get back to you with the Name approval within 5 to 7 working days. Names provided should ideally be unique and suggestive of company business

  • 3. MOA & AOA submission:

    Once name is approved, one needs to draft Memorandum of association and Articles of Associate. Both MOA and AOA are filed with the MCA with the subscription statement.

  • 4. Get incorporation certificate:

    Incorporation documents can be submitted to the MCA along with an application for incorporation. MCA will usually approve the application for incorporation in 5 to 7 days, subject to their processing time. Incorporation certification is a proof that company has been creation. It also includes your CIN number.
  • 5. Apply for PAN, TAN and Bank account:

    Then you need to apply for PANand TAN. PAN and TAN are received in 7 working days. Post this, you can submit the Incorporation certificate, MOA, AOA and PAN with bank to open your bank account.
stats man
MONITRIX BY THE NUMBERS
2987
Active Traders
2280
Wealth Managers
5100
Ticks Per Second
4764
Instruments

sayings

testimonial

We greatly appreciate Monitrix creativity and guidance in re-branding Adaptive's new image in market The vibe, level of inquiry, feedback, and traffic at our presentations and our newly established firm at a recent conference was very positive.

PARVEEN CHOUDHARYCEO HNYKS

Up to date it has been a pleasure working with Monitrix Corporate service After 4 problematic years we finally found Monitrix. Up to date it has been a pleasure working with Monitrix

RAJESH KUMAR

This is a quick, effective team that really cares for their clients success.Monitrix transformed our Business into a vital part of our sales efforts, then tailored a real time bookkeeping, which has doubled our presentation from a year ago.

Naresh Kumar

All Rights Reserved © Monitrix corporate Services Pvt. Ltd.