Do you want to start your own company with two or more people with less risks to your personal assets? Then LLP registration is one of the best solutions to your business dreams. With two or more people as LLP partner your business funding, responsibilities and risks get shared amongst your partners. Moreover, you enjoy the attractive feature of limited liability with no risks to your personal assets.
Set-up your LLP company in India with less fuss. Get your LLP registration certificate within 7 workings days*. Enjoy the features of both corporate and partnership world with LLP registration
What is LLP company?
LLP company is combination of partnership and company business structure. It enjoys limited liability feature like private company while enjoying features of partnership firms. You start your LLP with only two members as partners. No top limit to LLP partners is applicable for this type of business structure. Unlike partnership, LLPs have continued existence and perpetual succession.
All LLPs in India is governed as per rules and provisions under Limited Liability Partnership Act, 2008.
Who is LLP Partner?
LLP partner is the owner of partnership firm. He shares profits and losses as agreed upon in partnership deed. LLP partner can take part in business activities or can be a sleeping partner.
Why LLP registration is good Choice?
Limited risk and Liability
Just like other forms of companies LLP owner’s personal assets are safe and has less risks
With two or more persons as business owners, funding and responsibilities can be shared among the partners
No quarterly board meeting is necessary. No statutory audits unless capital or turnover exceeds prescribed limits. Important decisions can be taken quickly without convening board meetings.
You can get OPC registration done within 3 days through right company registration consultants.
Access to FDI
Foreign Direct investments is eligible to LLP through automatic route.
Important business decisions can be made quickly OPC owner is the sole decision maker. However more directors can be appointed to support him in business management.
Distinct legal Person
LLP is a separate business entity, separate from its LLP partners. It is a corporate body. People and bank believe in company structure and you can enjoy good social recognition with LLP registration
Visibility is an important factor in current business scenario. Getting recognized in business world is key to your growth and success. People have trust in companies. Since LLP is a corporate body under ROC control they have more social visibility.
Process for LLP Registration
Setting up your LLP business is a simple procedure with help of right professionals. You need NOT worry about paperwork or legal formalities to get your LLP certificate. Our LLP consultants can get LLP certificate of incorporation much faster. The process of OPC incorporation start with free consultation with expert consultants, Name reservation, documentation and online submission. iMaster consultants can support you at every stage of LLP business set-up. We are happy to answer your queries.
LLP registration is just a call and mail away with iMaster. Provide us the basic documents to get your task done.
Document proof required for LLP incorporation in India
Photograph, PAN , Address Proof(Electricity /Gas /Telephone Bill / bank statement) , Identity Proof (Passport/ voter Id/ Driving License)
Registered Office Address Proof
NOC from Owner and Utility bill proof (Electricity/Water/ Property tax paid receipts)
Disadvantages of LLP Company
small companies limited
LLPis advisable to small companies , Startups , Business, trade, manufacturers whose turnover and capital falls under prescribed limits. Once the prescribed limited are crossed LLPs have to converted into private or public limited company. LLPs can have any number of partners.
Words of wisdom
Although both Private limited company and LLP has common features, they vary based on various features and structures. If you are an business owner looking for foreign funding looking forward for good turnover, private company is a good choice. In case you are two are more persons want to start business with limited liability feature with less compliance then LLP is a better choice.
It is important to start your LLP with perfect legal formalities. Choose your business structure wisely based on your requirements and projected business scenario in future. Seeking professional advice from best corporate consultants is a smart move.
What we do
LLP registration process is a seamless process. But, it is important to get it done right with perfect legal formalities. This is an important step in setting up LLP company. But with us, LLP registration is simply easy. Let us handle your LLP registration formalities. Save your precious time and effort. Get your LLP Certificate with in 7 days*. Our vibrant practicing professionals make your registration process, a pleasant experience. We offer end to end LLP registration, advisory and compliance services
iMaster strives to provide unparallel business registration and compliances services to cheer up upcoming entrepreneurs. Save time and money with our business support services