An LLP, or Limited Liability Partnership, is a kind of business structure under which it gets the best of both worlds from a partnership and a corporation. It is a flexible partnership that protects its partners in the form of limited liability, just like a corporation. So, if there are any losses or debts to be encountered by a business, then generally the personal assets of all those people involved are safe. For businesses looking to register as an LLP, seeking advice from a CA firm in Delhi NCR can ensure proper legal and financial guidance.
There are many reasons why people fancy the idea of having an LLP:
- Limited liability: They protect your homes among other personal assets.
- Flexibility: An LLP is simple to run and operate.
- Tax Benefits: LLPs enjoy plenty of tax benefits.
- Easy to Raise Funds: The investor is at more ease when investing in an LLP as compared to any other form of corporate structure.
The registration fees for an LLP in India vary depending on the issued capital of the company. Government fees range as low as ₹500 for small LLPs having relatively lower capital. However, some charges are sometimes levied on professional fees, stamp duty, and document certification. Hence, budgeting is necessary before actually proceeding to register an LLP. For assistance with this, the Best CA Firm in Delhi can provide guidance on managing the costs effectively. Professional fees may vary with the sophistication of the registration process.
- Government fees ₹500 onwards.
- Stamp duty extra charge applicable.
- Professional Fee applicable.
LLP, or Limited Liability Partnership, is a form of company registration that realizes the advantages of a partnership and enjoys protection under limited liability too. Hitherto, it has attracted many small and medium-sized enterprises as personal assets of partners are exempted from business liabilities. Moreover, LLPs are more flexible in management during the formation of a business structure, according to their owners, the partners. Owing to relatively fewer compliance requirements compared to private limited companies, LLPs were relatively easier to manage.
- Limited liability protection.
- Flexible business structure.
- Lower compliance requirements.
Sap Tax Hub LLP, along with a Chartered Accountant in Delhi, makes the LLP registration in Delhi simple for businesses to take the benefits listed above.
Step for LLP Registration Main Process: The LLP registration in India is structured in several steps. First, a DSC should be obtained for the LLP partners. Then, get a DIN for every one of the designated partners. Then, the Ministry of Corporate Affairs or MCA approval must be obtained for the business name. Finally, incorporation documents such as an LLP agreement must be filed with the MCA; once approved, the business is registered as an LLP.
- Get DSC for partners
- Apply for DIN
- Incorporation documents
Sap Tax Hub LLP, a leading Chartered Accountant Firm in Delhi, handles the entire LLP Registration Process. We ensure all aspects of forming your LLP go off without a hitch.
Working days to register an LLP in India. This time period needs to be taken into account considering all the documents are ready and no delays happen while waiting for the sanction from the Ministry of Corporate Affairs. It includes name approval, filing of incorporation documents, and an incorporation certificate. However, in case of delay due to asking for papers or submitting the application incorrectly, then the time taken will be more.
- 15-20 working days.
- It has to file its name for approval and present the required documentation.
- The process becomes vulnerable to delays which can occur due to any mistake or incomplete documentation.
To avoid such delay, it is necessary that all kinds of documents are correct and presented on time. By associating with the experts, one can process registration more effectively.
Sap Tax Hub LLP, as a leading CA firm in Delhi, provides total support in LLP registration, which takes all steps promptly without much delay and gets the business started sooner.
Incorporation of an LLP is one such wise decision made by entrepreneurs; it enjoys the perfect blend of flexibility and protection. LLP Registration in Delhi is made pretty easy and hassle-free with Sap Tax Hub LLP. We take care of all the paperwork and legal formalities on your behalf so you can concentrate on the growth of your business. Whether you have a new venture or you want to convert an existing business into an LLP, Sap Tax Hub LLP is at your service.
In case you want to register an LLP in Delhi, look nowhere else but at approaching Sap Tax Hub LLP today and taking the first few steps towards business success.
Documents Required (Checklist ) for Limited Liability Partnership (LLP) Registration in Delhi
| STEP | DESCRIPTION |
| 1. Finalize LLP Name | Choose a unique and suitable name for your LLP. Ensure it aligns with legal naming conventions and get approval. |
| 2. Get Name Approval | Submit the chosen LLP name for approval from the Registrar of Companies (ROC). |
| 3. Prepare LLP Agreement | Draft an LLP Agreement detailing the roles, responsibilities, and duties of all designated partners. |
| 4. Obtain Digital Signature (DSC) | Ensure that all designated partners have a Digital Signature Certificate (DSC) for form submissions. |
| 5. File Forms with ROC | Complete and submit the required forms and documents to the ROC for official LLP registration. |
| 6. Ensure Compliance | Verify that all compliance requirements are met as per LLP registration laws in India. |
Documents you'll get after Limited Liability Partnership (LLP) Registration in Delhi
| DOCUMENT | DESCRIPTION |
| Certificate of Incorporation | Official document confirming the registration of your LLP. |
| Stamped and Notarized LLP Agreement | A legal document outlining the partnership terms between the partners. |
| Designated Partner Identification Number (DPIN) | Unique identification number for all designated partners. |
| PAN of the LLP | Permanent Account Number for the LLP, necessary for tax-related activities. |
| TAN of the LLP | Tax Deduction and Collection Account Number for the LLP, used for deducting tax at source (TDS). |
