#LLP Formation Made Easy

[mmvoraassociates]

LLP Formation Made Easy: Your Path to Business Partnership!!

I'm currently unable to access the specific website or generate content for it directly. However, I can provide you with a general outline and key points that you can expand upon for a blog post titled "LLP Formation Made Easy: Your Path to Business Partnership."

Introduction

Introduce the concept of LLP (Limited Liability Partnership) and its benefits for entrepreneurs and small businesses. Explain that LLP combines the flexibility of a partnership with limited liability for its partners.

What is an LLP?

Define LLP and explain its structure, including partners, their roles, and responsibilities. Highlight key differences between LLP and other business structures like sole proprietorship and private limited company.

Advantages of Forming an LLP

Limited Liability: Explain how LLP protects partners' personal assets.

Flexibility: Discuss the freedom LLP offers in terms of management and decision-making.

Separate Legal Entity: Highlight that LLP is considered a separate legal entity distinct from its partners.

Tax Benefits: Mention tax advantages such as lower tax rates compared to companies.

Steps to LLP Formation

1. Choosing Partners

Importance of selecting partners who share the same vision and goals.

Factors to consider when choosing partners (skills, commitment, financial stability).

2. Name Reservation

Guidelines for selecting a unique name for the LLP.

Procedure for reserving the name through the Registrar of Companies (ROC).

3. Drafting LLP Agreement

Importance of LLP agreement in defining roles, responsibilities, profit-sharing, etc.

Key clauses to include in the LLP agreement.

4. Filing Incorporation Documents

Detailed process of preparing and filing incorporation documents with ROC.

Required documents and forms (Form 1, Form 2, etc.).

5. Obtaining Digital Signatures

Importance of digital signatures for online filing of documents.

Process of obtaining digital signatures for LLP partners.           

Summarize the benefits of LLP formation and highlight how it provides a structured and legally compliant framework for business partnerships. Encourage readers to seek professional advice to navigate the LLP formation process smoothly. Encourage readers to contact your firm for expert assistance in LLP formation and other corporate services.

Why Choose M.M.Vora & Associates?

Expertise: With years of experience in corporate compliance and ROC filings, M.M.Vora & Associates offers unmatched expertise to handle all your filing needs efficiently. If you are looking out for such ROC Filing company in Mumbai to make your financial experience better. Then you can explore M.M. Vora And Associates website and check for their services at llp formation services in mumbai

●       Comprehensive Services: From preparing and filing annual returns to managing director appointments and share allotments, M.M.Vora & Associates provides a full spectrum of ROC filing services. If you are looking out for such ROC Filing company in Mumbai to make your financial experience better. Then you can explore M.M. Vora And Associates website and check for their services at llp formation services in mumbai

Personalized Solutions: Understanding that every business is unique, M.M.Vora & Associates offers tailored solutions to meet your specific compliance needs. If you are looking out for such ROC Filing company in Mumbai to make your financial experience better. Then you can explore M.M. Vora And Associates website and check for their services at llp formation services in mumbai

Apart from the above gst registration consultants in goregaon & roc filing company in mumbai. If you are looking out for llp formation services in goregaon, income tax return filing in goregaon or the book keeping services in mumbai than there is no other company better than M.M. Vora & Associaties which provides the best financial service in the market. Then you can check it out at the official the M.M. Vora & Associaties website.

To know more: https://www.caassociates.in/services/llp-formation-services-in-goregaon-mumbai/

[topcaservices]

All you need to know about Private Company and LLP Registration in Malappuram

Private Limited Company Registration in Malappuram:

For online company registration in India, you need a minimum of 2 directors and can have up to 15 directors. In Malappuram, there's no minimum capital requirement, and your company name must include "PVT. Ltd."

Requirements:

- Minimum 2 Indian resident directors.

- Minimum 2 shareholders, with a maximum of 200.

- Government fees for a minimum of shares worth Rs. 1 Lakh.

- Registered address.

Process:

- Easy registration in 10 days.

- IndiaFilings offers affordable registration services.

FAQs:

1. Can small businesses register in Malappuram?

   - Yes, registering as a private limited company provides recognition and credibility.Register with us, we can help you

2. Who can be a director?

   - Any Indian citizen aged 18 or above.

3. Can a proprietorship be converted?

   - Yes, contact https://shehinandrasid.com/llp-registration-and-company-formation-in-malappuram/

 for details.

4. Minimum capital required?

   - No minimum limit.

Documents Required:

1. PAN Card for Indian Directors.

2. Passport for Foreign Directors or Shareholders.

3. Aadhaar Card for Indian Directors.

4. Address Proof from Foreign Government for Foreign Directors or Shareholders.

5. Bank Statement for Directors and Shareholders.

6. The Latest Electricity Bill for the registered office.

7. Latest Telephone Bill (preferred: Electricity bill) for the registered office.

8. Latest Mobile Bill (preferred: Electricity bill) for registered office.

9. Board Resolution Authorizing Investment (if the shareholder is another company).

10. Address Proof for Investing Company (if the shareholder is another company).

11. Passport Size Photo for Directors and Individual Shareholders.

12. Recent Utility Bill for Business Place.

For a smoother process, consider Shehinandrasid at https://shehinandrasid.com/llp-registration-and-company-formation-in-malappuram/

LLP Registration in Malappuram Made Simple:

If you want to register an LLP in Malappuram, the process is streamlined and can be done online through IndiaFilings. Here's a quick guide:

Registration Process:

- Complete the LLP registration through Shehinandrasid company.

- Submit the necessary documents for incorporation.

Time Frame:

- We can assist in getting your LLP registered in Malappuram within 20-25 working days.

- Our compliance experts ensure post-incorporation compliance at an affordable price.

Legal Assistance:

- Connect with our Incorporation experts for personalized legal assistance.

- Our experts understand your business needs, making LLP formation and compliance maintenance easy.

FAQs:

1. Can an LLP in Malappuram raise funds publicly?

   - No, an LLP registered in Malappuram cannot raise funds publicly. Only partners can contribute capital, and their liability is limited to their capital contribution.

2. What post-incorporation compliances are required for LLPs in Malappuram?

   - LLPs need to file annual returns (Form 11), statements of accounts and solvency, and income tax returns.

3. Is Foreign Direct Investment (FDI) allowed in LLPs?

   - FDI is allowed in LLPs under the automated route, as permitted by the Foreign Investments Promotion Board (FIPB).

4. Why register an LLP?

   - LLPs combine features of partnership firms and limited companies, offering a flexible and advantageous business structure.

Documents Required for LLP Registration:

1. PAN Card

2. Passport (for Foreign Nationals)

3. Voters Identity Card

4. Ration Card

5. Driving License

6. Electricity Bill

7. Telephone Bill

8. Aadhaar Card

9. Bank Statement

10. Passport Size Photo

11. Recent Utility Bill for Business Place

For a hassle-free LLP registration, consider Shehinandrasid llp company at https://shehinandrasid.com/llp-registration-and-company-formation-in-malappuram/

[ebizfiling11]

 Why Should You Choose To Form An LLP As Your Business Structure? 

 Introduction 

LLP stands for Limited Liability Partnership firm. It is an alternative business form that offers limited liability protection like all other business structures and the flexibility of a partnership. There is no impact on this type of business, when there is any change in the partners arrangement in the firm. This dynamic structure is rapidly becoming a common form of business formation for many individuals. Even in nations like the United States, the United Kingdom, Australia, and Germany, this business strategy is widely considered.

A key advantage of an LLP is that it shields an individual partner from joint liability and errors made by other partners in a partnership firm. While there are various company structures to select from, the Limited Liability Partnership (LLP) structure is a popular choice nowadays among the entrepreneurs. It is important to look into the benefits of selecting an LLP as your business structure. Keep reading this blog, we will talk about- "Why should you choose to form an LLP as your business structure?"

 Why Choose The LLP Structure For Your Business? 

There are several benefits of selecting an LLP as your business structure. Let us explore them in detail:

1. Easy Formation with low investment: A Limited Liability Partnership (LLP) enables partners to work together even if they have limited resources because there is no minimum capital requirement for establishment. Moreover, capital contributions can be contributed in any form including intangible assets, machinery, and land.

2. LLP can have an unlimited number of members: LLPs can have any number of partners but there is a minimum of 2 partners are required. The total number of partners that an LLP can have is unlimited.

3. Separate legal entity: The members of the LLP are not responsible for any liability incurred by LLP, whether it be debt payments or lawsuits because the LLP partnership structure is a separate legal entity from their partners or owners.

4. The ability to sue: An LLP, being a separate legal entity, can sue in its own name and can be sued by parties.

5. Flexibility in Management: The LLP agreement gives owners the freedom to choose how they want their company to run and expand. A managing partner or a committee leader can be appointed by the LLP partners to oversee day-to-day operations. In an LLP, management is completely flexible since partners can distribute tasks and responsibilities according to their expertise and skills.

6. Low Registration Fees: Compared to other business structures (like Public Limited Company or Private Limited Company), an LLP has a low registration cost. The registration procedure is pretty simple, and the average time required to complete the registration process is between 15 and 20 days.

7. Audits are optional: As audits are not optional, limited liability partnership firms have certain compliance perks over other business structures. For individuals who are starting an LLP, this is a huge advantage for them. Tax audits are only compulsory in cases where annual donations exceed INR 25 lakh and total income exceeds INR 40 lakh.

8. Partners mid-way entry or exit: One more fundamental aspect is allowed in the LLP agreement that the new partners who have their own companies can be added and old partners can easily leave the company. However, the current partners are required to approve the addition of a new partner.

9. Taxation outlook: The tax rate for limited liability partnerships is a flat 30% of their total turnover. An LLP should also pay an additional 12% surcharge on the income tax if the total income is more than INR 1 crore. Along with paying income tax plus the surcharge, there is also a 4% health and education fees to be paid.

 To Sum Up 

LLP partnership structure is more effective for companies that offer services or are engaged in technical or professional domains. It is also appropriate for companies that offer venture capital funding. We can conclude after reading this blog that registering your business as an LLP form of structure is more beneficial than any other form of business.

[canonicallysoulmates]

Walker 1.06

This was….okay. I liked it more than I thought I would...

Let’s just get into it.

This is the first episode where there is no case. Sorta. Kind of. The focus of this week is that it’s the one year anniversary of Emily’s death so the case elements are about her murder and it’s a part of the episode but it’s not a focus.

The episode is like divided into three groups of characters, everything they’re doing comes back to Emily’s death but each group is doing their own thing: there’s Liam and Captain James, Cordell, Micki, Trey and Micki’s mom (yes, Micki’s mom), and the final group is the grandparents, the kids, and Stella’s wannabe boyfriend.

So, I’m gonna follow that same format and go group by group and at the end put it all together.

First up is Cordell, Micki, Trey and Micki’s mom.

Walker is in trouble, because if you remember in the first episode he punched a guy who spit in his face and mentioned Emily so now Walker could lose his job due to unwarranted use of excessive force. Cordell is taking things calmly because while it’s not right things always tend to fall in favor of the cop (in this case ranger) but Micki is worried because his cowboy ways is costing the department a lot of money and he could lose his job. She’s even more worried when out of the blue her merciless shark of a psychiatrist mom shows up and it’s revealed she’s gonna be the one to do Cordell’s psych evaluation.

While that’s going on, it’s the day of the anniversary of Emily’s death and Cordell received a call from Geri letting him know she plans to sell the bar cause she thinks its time to move on and she’s been made an offer by a developer. I don’t really care for that set, they have not done enough to make it important to the audience but for Cordell it’s a big deal since that was Emily’s favorite place and it’s where the two of them and Hoyt and Geri used to hang out. So, he dumps the plans he had made with his kids to go camping in honor his wife’s memory since that’s something she loved to do, except not really but she was quirky and said things like “not all things have to be good to be good” something she apparently said all the time and yet her kids didn’t know- that character is such a fucking Mary Sue but I’m getting off track, point is he comes up with some bs and stalls the deal Geri was making with a developer and decides he’s gonna fix up the bar himself. Oh, yeah, the night before a section of the bar collapsed so a lot of the episode has him trying to fix it.

And that’s where Micki trying to be a good friend and partner finds him and tries to warn him and prep him for her mom who if you haven’t guessed she doesn’t have the best relationship with; she’s worried that her mom is gonna use him to teach her a lesson, she knows her mom is not gonna go easy on him, that she’ll make him look guilty and is gonna suggest they take his badge.

Cordell is a stubborn fool who’s dealing with his own personal shit and ends up stapling a nail unto his hand with the nail gun he was using. Not gonna lie that was funny af 😂 And then because he’s not the sharpest tool in the shed, and he doesn’t wanna risk losing the bar, he decides that removing the nail himself is a better option than going to the ER, so with Trey’s instructions and Micki’s help he gets the nail out; he is so lucky he didn’t damage a nerve or make things worse. And luckily for him, Micki’s dating an army medic so Trey goes to check up on him and bandage him up. Trey who brought along Micki’s mom, Adriana.

Her and Cordell don’t exactly start off on the right foot on account of Cordell going on the defensive as soon as he meets the woman.

Defensive, by the way, is pretty much Walker’s middle name in this episode: he snaps at Trey who was patching him up, he yells at Micki, who was just trying to be a good friend and help him not just with her mom but with fixing up the bar, more than once; he is filled with anger and grief and is just a ticking bomb and it all comes to head when all the work he and Micki had done collapses again and makes an even bigger mess. 

And that was where the show made a big mistake, because we know Cordell has a lot of bottled up anger that has been building inside him and he’s been letting out in short bursts- it’s why he’s in trouble and has to go through evaluation because his anger got the best of him! And it’s a big focus of this episode with him he letting his temper get the best of him a couple of times so there’s all this build up but there’s no payoff.

After all of their hard work collapses, Cordell snaps and he grabs a chair and he smashes it to the ground but Micki stops him from destroying anything else. And I get it, they don’t wanna keep destroying the bar and he’d probably feel really shitty if he did but he needed to have that breakdown, the show needed him to have that breakdown. He needs to let out all that anger he has build up and sometimes the only way to do that is to scream and break things and have a physical release of everything that’s inside you. And it’s a shame that the show pulled back from showing us the full extend of Cordell’s grief and anger, that they didn’t let the scene play out.

On the other side of town we have what’s gonna be our group two: the grandparents, the kids and Stellla’s wannabe boyfriend, Trevor aka the dude she met at the stables where she’s doing her community service.

As I had said, the kiddos and their papa were supposed to go camping in honor of their mom but he bailed to go and try to fix the bar, so the kids decide they’re gonna go anyways on their own but since they can’t drive Stella decides she’s gonna kill two birds with one stone: honor her mom, and more importantly get some time with the boy she likes. So she contacts Trevor to give them a ride but turns out the grandparents are tagging along on the camping trip something Stella is not happy about cause you know she was hoping to get that alone time.

Anyways, she has a little back and forth with her grandma and in the end they end up taking the dude along with them in the camping trip. 

While that’s going on we go to our group three: Liam and Captain James. They have the most interesting part of the episode, and the “case related” portion of it. Sadly, they don’t have nearly enough time dedicated to what they were doing, and this isn’t really a focus of the episode it’s just part of it; as you know, they are re-investigating Emily’s case and it’s a good thing too cause apparently they did a shit investigation the first time around.

They go to the prison to talk to the man who confessed to Emily’s murder but shocker he ain’t gonna tell them shit, so they decide to go to Hoyt who is in the same prison with a nice little deal, they’re gonna put him in the same cell as the guy to get info, in exchange Hoyt can get a reduced sentence.

In just two hours, that fucker manages to give info that leads Liam and James to a major breakthrough. Sherlock Homes, doesn’t work this fast! That was way too easy, too fast, too clean cut- too plot convenient, show seriously. 

So what was the major breakthrough? Can’t tell you that yet.

Back to Cordell, after his almost breakdown and a conversation with Micki where he admits he’s pissed and tells her he’s gonna plead guilty, he calls up his dad and asks for him to turn back around and bring the kids to the bar. Since the bar was Emily’s favorite place, that’s where he and the kids are going to camp in honor of her memory. The next morning Geri shows up to tell them the guy who is buying the place is gonna tear it all down and use the lot to build some condos but Cordell and the kids come to the conclusion that was seen coming from a mile away and is impressive it took them this long to get to: that they should buy the bar. So, Geri sells it to them and they’re gonna fix it up with Emily’s life insurance money. I’m sure I’m supposed to find this a really nice moment but as I said, they have not done enough to make the audience be invested in this bar, and I’m sorry but the fact that it was his place to hang out with the wife is not enough to make me care about it.

Anyways, Micki returns home after her conversation with Cordell, where she admitted that she’s avoiding her mother cause she doesn’t wanna accept that her mom may be right about her, to find her mom cooking with Trey who she seems to get along with and honestly why wouldn’t she the man is a dream son-in-law. Side note: the man speaks Spanish so he has officially moved up even higher on the hotness scale 🔥

The episode wraps up with three major reveals- well, two major reveals and one sorta expected one.

The first one comes curtesy of the info Hoyt provided Liam and James. He told them about the dude’s niece and their shared love of art which seems insignificant but it’s what leads James to find out the girl owns a small gallery that is somehow making big money. The gallery has someone making repeat purchases, with money coming from a bank in Austin that started two days after Emily’s murder. And from whom is the money coming from? Straw Ring, LLP which is the LLP Geri used for the bar. So, she had something to do with Emily’s death.  

Honestly, to me this reveal wasn’t that surprising cause she always seemed like she was hiding something about that day. 

However, the other two shockers from the end did surprise me. 

The second reveal is that there’s a warrant for Micki’s mom and they arrest her!

And last but certainly not least, it turns out, Stella’s wanna be boyfriend: Trevor, is Clint’s - the leader of the team that Cordell ran with back when he was undercover as Duke - son! And he recognized Cordell from a picture of his dad’s and went and told him! I knew that boy was trouble! Out of the three, this was the thing that shocked me the most and left me literally screaming.

And that was the epi!

Like I said at the beginning, I liked this episode more than I thought I would; I was actually sort of expecting this to be the first episode I didn’t like because all of the focus was on the wife arc but it actually had some aspects and scenes I really enjoyed.  

No surprise to anyone that among the things I loved are the Cordell and Micki scenes, y’all know I love that relationship and how they’re helping each other become better people and deal with things. Trey is always great, I’m so happy we got to see him interact with Cordell I hope that’s something we see more of, the parts that were about the mystery and case of Emily’s murder were surprisingly some of my favorite, up till this point I hadn’t cared much for the mystery. The kids for once weren’t annoying which is an appreciated miracle. Not sure how I feel yet about Mama Ramirez. The ending with all the reveals was imo the best part of the episode.

So, there were definitely parts that I really liked and enjoyed, however, as a whole this ain’t my favorite epi so far. Which is why, even though there are things that I really like I think it’s just an okay episode. 

I wish they had used the time they had better like I wish that instead of doing two flashbacks and a hallucination that they had done just one of the two and used that time for Liam and James investigation, or used that time to give us that Cordell breakdown.

And since I mentioned the flashbacks and hallucination let’s talk about them real quick; in terms of editing and placement the flashbacks in this epi were integrated pretty well and they technically served a purpose in the story because through the flashbacks we learn about Walker’s emotional connection to a specific decoration in the bar, a boars head he was gifted by his wife. Thing is though...it is as emotionally bland as a stale cracker. I'm not entirely sure what the point is of the wife flashbacks, I assume it's to...help you understand and connect with Cordell and learn about his marriage and stuff but honestly they're the worst part of the show; they're not used to their full potential, they're badly acted, they don’t really contribute to character development and they don't have the emotional weight the show thinks it does.

It would have been more impactful if they had turned the boars head into its own little mystery of why it means so much to him even though he doesn’t really like it, and then at the end when the kids are sleeping instead of seeing her he had sunk into the his memories of when she got him that thing and that’s when we get the flashback. And only one, no need to divide it into two.

The show wants the focus, at least of this season, to be the family and how they're dealing with the loss of someone so important in their life, this was the episode to show that they could deliver something meaningful when it comes to that but it didn't really do that; I felt bad for Walker, I'm rooting for him but at no point in this episode did I feel like crying with him or for him, and I think that may be why I'm not crazy about this episode because it didn't hit any emotional notes even though it was supposed to be an emotionally heavy episode.

There wasn't that impactful moment you know? That moment where you see the full extent of what a character is going through, this episode needed that and there was build up to it but with no payoff. (Which let me tell you is also a damm shame cause we know how amazing Jared is in emotional scenes and how much he shines in them.)

All that being said - and goodness gracious this post got long time to wrap it up - while overall I consider it just an okay episode there were a lot of good things about it enough for me to still like the episode, and to become really excited for what future episodes hold and see how things develop. 

[startanyzx]

Business Set Up Services In Dubai

Dubai is considered one of the largest free zones in the world and this has given rise to a plethora of business setup services which are tailored to the needs of businessmen. The deserts, beaches, and less pollution city have made it an ideal business destination for multinational companies. This city also offers tax-free status to small and medium scale business owners. These benefits have not deterred businessmen business setup consultants in dubai from setting their business establishments up in Dubai. In fact, it is these benefits that have helped them build a strong business network which they can draw on to increase their earnings.

Some of the business setup services include the company formation services which help the company owners to start their business without much hassle. They can also get their official papers signed and file their accounts. Other services include the process of setting up business links with the official Dubai Internet office. Other services include the registration of new businesses, setting up of joint ventures, transfer of paid employees to other locations, and the opening of new branches.

Another popular business setup service in Dubai is that of forming an offshore company. The legal status of an offshore company is highly preferred by many businessmen, as it offers them more business opportunities. Other popular offshore company formation services include the formation of partnership and limited liability partnerships (LLP). These two types of business setup also allow business owners to transfer their money between different locations and enjoy tax-free benefits. Businessmen can form their own offshore company in Dubai using any of the registered offshore service providers. These services include the formation of an offshore company in Dubai, or any other country, and the registration of the company.

The process of company formation in Dubai is very easy and fast. The companies can be listed in a stock exchange in Dubai or in any offshore financial institution. After submission of the necessary documents, the company registration applications can be approved within a day. After approval, the company formation documents are mailed to the concerned authority, who holds the power to issue the company's shares. The shares are then issued to the company's shareholders, who will take custody of them. The only formalities left for business owners are the submission of the annual turnover of the company, its capital amount, and the salary of the management.

Another popular business option is that of a company formation in Dubai. This option is perfect for those businessmen who want to establish a multinational business, without too much investment. The rules related to uae company formation in Dubai are slightly bit different from other countries, so it is recommended that the applicant chooses a reliable company formation company that provides complete offshore company formation services. An offshore company formation company in Dubai that charges too high a fee is not a reliable choice.

There are many business setup companies in Dubai, but only a few provide quality services. It is therefore essential to do comprehensive research about the company formation services offered by different companies. Researching can help a person to find a reputable company that provides cheap company formation services in Dubai. One should always try to get the maximum benefits at the minimum cost.

[legallegalpillersindia]

DOCUMENTS REQUIRED FOR COMPANY REGISTRATION IN INDIA

Document for Company Registration is easy to compile, just follow the few steps and get it done!

A company is a type of organization wherein you will find goods or services in a synchronized manner and trade them amongst the public to earn a profit. Setting a new company in India is not a difficult task to do. You just have to follow some documentation guidelines and steps involved in the company registration process. If you are willing to open a strap company you have to get registered under the MCA that is the Ministry of Corporate Affairs.

Numerous documents are needed during the whole procedure of online company registration in our nation. After this, there are different types of companies in India which get register in

ABOUT THE COMPANIES ACT, 2013

The Companies Act, 2013 enacted by the parliament has gained the approval of the President of India on August 29, 2013. Act fortifies and amends the law relating to companies. The Companies Act, 2013 has been published in the official gazette on August 30, 2013. Some of the provisions of the act have been performed by a notification published on September 12, 2013. The terms of Companies Act, 1956 is still in force.

So, there are more so many companies that are not registered and they must get registered today itself. Registering a company offers numerous benefits to you like legal compliance, business expansion opportunities, etc.

Must Read: Benefits of Company registration

4 MAJOR STEP TO FOLLOW BEFORE COMPILING DOCUMENTS FOR THE COMPANY REGISTRATION

There are four steps to be followed for the company registration:

Getting DSC (Digital Signature Certificate): DSC is an e-signature that allows the business owner to develop the online company registration process in India. After submitting the document, it takes 2 days to get a Digital Signature Certificate. The Information Technology Act, 2000 has introduced plans for using digital signature for submission of all the documents online without any hassles. All submitted documents in the application of online to make sure the authenticity and safety of the documents are listed electronically. This is the most reliable way to submit documents.

Obtaining DIN (Director Identification Number): The second step for the process is to a DIN number. According to the amendment act of 2006, getting a DIN is mandatory. Every existing and expecting to get an Identification number.

Filling a new user registration or e-form: This is the three-step of the process is about becoming MCA portal user account for an e-form filling and to do the various transactions.

Incorporating the company: The last and fourth step of the process is incorporating the company and other relevant certification of the business.

For completing these steps you can clearly focus on compiling the documents for the company registration. So, in the following paragraphs, let’s have a look over the various documents for various company types.

DOCUMENT FOR COMPANY REGISTRATION – PRIVATE COMPANY, LLP COMPANY, SECTION-8 COMPANY, NIDHI & OPC COMPANY

There are various types of companies in India and have different types of documentation required. All the company gets to +submit their documents online for company registration. So the documents required are :

PRIVATE LIMITED COMPANY

This is the type of company that has at least 2 or the highest 200 members or shareholders. In this type of company, one person can simply transfer the share to another person.

The documents required for a private company are :

Signed Form DIR-2 and Details for DIN

Declaration of DIN

MOA and AOA

Documents of Directors and shareholders

Registered Office-Address proof

Copy of rent agreement if the property is on rent

Copy of property paper is owned the business place

PAN Card of the directors

Identity Proof: Adhaar card, passport, Driving License, Voter Identity Card

Address proof of both office and directors: Telephone Bill, Mobile Bill, Electricity Bill or Water Bill. Even you can give Bank Statement /Bank Passbook with the latest transaction

Copy of 2 passport size photographs

Signed documents by a shareholder: Application for DSC and INC-9 by directors

No-Objection (NOC) letter from the Owner of Address to use the address ad Registered office of the Company

LLP COMPANY ( LIMITED LIABILITY PARTNERSHIP)

LLP was originated in India by way of the Limited Liability Partnership Act, 2008. The foremost edge of a Limited Liability Partnership is one partner is not responsible for another partner’s wrongdoing or carelessness. LLP is eligible for all the Professionals, Micro, and Small businesses that are family-owned or closely-held. LLP can have unlimited partners but minimum 2 are required.

The documents required for an LLP company are :

ID proof of designated partners: Driving license, Aadhar card, residence card, election identity card, or any other identity proof issued by the Government.

PAN Card of Partners

2 months old bank statement or telephone bill of Designated Partners.

LLP agreement: All partners that contain all terms and conditions of the LLP their sign and must be notarized and published on stamp papers.

Office Address proof like  Electricity Bill/ Gas Bill/ Water Bill /Property Tax Receipt or Sale Deed ( NOC from landlord) not more than 2 months old

NIDHI COMPANY

Nidhi means a company that has been incorporated to develop the practice of saving and reserve funds to its members and also accepting deposits and lending to its members only for their mutual benefit. For commencing Nidhi company you must have total 7 shareholders or members. 3 person will be director in company.

The document required for Nidhi company registration are :

Director’s Pan Card copy

2 passport size Photograph of all the Directors and Members

PAN Card of all the Directors and Members

ID Proof of all the Directors and Members: Adhaar card, Driving License, Passport or Voter ID

Registered office: Electricity Bill or another utility bill

Copy of Rent agreement(If rented property)

Copy of Property papers(If owned property)

Landlord NOC ( Format will be given)

OPC COMPANY

( ONE-PERSON COMPANY)

This is the new type of company structure that started in the year 2013 by the Indian government. In this type at an individual person can own a company. There is a necessity of a minimum of 1 director and 1 nominee/ member to register and run the company.

Document for company registration are:

Articles of Association (AOA)

A declaration that all compliance has been made

Identity proof, address proof and PAN card copy of nominee and member

Written Consent of Nominee in form INC-3

Memorandum and Affidavit of sharer for form INC-9

Application for Company Registration

Registered office’s address proof

SECTION-8 COMPANY

Being an NGO Registration or Non-profit Organization does not mean that the Company cannot make a profit or income. It only implies that the Company can earn income but the promoters are not to benefit from those profits. The profits cannot be shared among the promoters. All incomes must be applied to supporting the social objective.

MOA and AOA

Declaration from any director and subscriber in INC-9 that verifies that they are not guilty of misfeasance

Address and IDs of directors and subscribers to MOA

Proof of ownership (rent agreement/ lease deed)

Electricity bill which should not be older than 2 months

NOC from the landlord or the owner

Consent to be directors i.e., DIR-2

An affidavit from the Directors for not accepting deposits

INC-9 which is the declaration of each subscriber to MOA.

CONCLUSION

All of the above documents for company registration in different types. For more details, you can connect with our expert team which gives you full guidance on the documentation and process of registration.

If you have any confusion in the document in Online Company Registration. You can take the help of our specialists can help to choose one. We at LegalPillers are offering online CA Services at reasonable pricing. You can visit the website. Even for a free consultation call our professionals at 9625279785 – 9267941961 or you write to us at info@legalpillers.com.

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The post DOCUMENTS REQUIRED FOR COMPANY REGISTRATION appeared first on COMPILING DOCUMENTS FOR THE COMPANY REGISTRATION.

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Affordable Papers With Great Quality For College Students

Affordable Papers With Great Quality For College Students I know individuals who continue going to eating places and have been treating the change in education as an prolonged spring break and excuse to spend more time with friends. I fear for my grandparents and oldsters, but this text confirmed me that we should also concern for ourselves. Read the remainder of Dr. Mitchell’s poem and notice the strains, photographs and metaphors that speak to you. Then, tap into your creative facet by writing a poem inspired by your individual expertise of the pandemic. Use any of the images in our Picture Prompt collection to inspire you to write down a couple of reminiscence from your life. At the time, it was hitting me that my daughter begins highschool in the fall, and my son will be a senior. Increasingly they have been spending their time away from me at college, with friends, and within the many time-intensive actions that make up teenage lives. The editorial analysis is not going to think about whether or not a manuscript has been edited via SAGE Author Services. © Duane Morris LLP. Duane Morris is registered service mark of Duane Morris LLP. Serving High School, College, and University college students, their academics, and independent researchers since 2000. Our blog options present and progressive matters to maintain you up to speed on citing and writing. This is the total package when it comes to MLA format. Whatever you choose, ensure to put in writing clearly so anyone anywhere may check out this new skill. As an added problem, embody an illustration, photograph, or audio or video clip with each step to help the reader’s understanding. This simple act — done rigorously and from a safe distance — palpably reduces our sense of concern and isolation. I’ve seen the faces of some neighbors for the first time. Share your opinions by writing a review of a chunk of artwork or culture for different youngsters who're caught at house. You would possibly counsel TV reveals, novels, podcasts, video games, recipes or anything else. Or, try something made particularly for the coronavirus era, like a digital architecture tour, live performance or safari. Then, select a topic associated to the pandemic that you care about and write an editorial that asserts an opinion and backs it up with strong reasoning and proof. I was making it work until the coronavirus shut down my school town. It is usually a approach to categorical our fears, hopes and joys. It may help us make sense of the world and our place in it. For more ideas, check out our writing prompts related to the coronavirus. Create your own photo essay, accompanied by a written piece, that illustrates your life now. In your essay, think about how one can talk a particular theme or message about life in the course of the pandemic by way of each your pictures and phrases, like in the article you read. Check on neighbors in your block or flooring with an e-mail, textual content or phone call, or leave a card with your name and make contact with information. Can you bring them a scorching dish or residence-baked bread? I wished extra of them while they were still residing in my home. We submit a new one every college day, a lot of them now related to life in the course of the coronavirus. When future historians look to put in writing the story of life throughout coronavirus, these first-individual accounts could prove helpful. If you've ideas for different pandemic-associated writing projects, please suggest them in the comments. There are 1000's of Templates in our template gallery, so it's really easy to get started, whether or not you're writing a journal article, thesis, CV or something else. Learn tips on how to write references and in-textual content citations for hundreds of different kinds of works in APA Style. You would possibly attempt translating any of the writing initiatives above into podcast type. Or turn to our coronavirus-associated writing prompts for inspiration. Assess and motivate pupil writing whereas providing fast and efficient feedback on particular person written work. During the first 30 days of your college students’ subscriptions, they may have FREE entry to all of EquatIO’s premium options across all platforms. A tremendous-sensible collaborative workspace for your Chrome browser that allows you and your college students to make math collectively, bringing mathematics to life for the whole class.

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Great Reasons To Set-Up Your Business At British Virgin Islands

For the offshore investment, you may be having various options for you, but nothing can be more attractive than the offshore business formation at United Kingdom. It has been seen that more than thousands of offshore business are successfully being carried in UK and is encouraging offshore investments more at the place.

Check this out to find more

Now why so demands at this place when you have so many around you?

For the British Virgin Islands Company formation and setting them up at land is quite reasonable. Let us discuss today about the reasons and get to your notice what are their benefits.

Peacefulness

You will find no hassle or crime at this place ad is considered the most peaceful place to carry out your business. The people living at this place welcome foreigners with full content heart and offer a peaceful environment to grow.

Investment opportunity

The governments of the place encourage the investment done at private, ready made offshore companies, limited liability partnership, UK public limited companies and many more for better growth. Even the tight budget investors get two options to set up either LLP or branches at the place. Company registration is done at easy process.

Company formation agency

The BVI company incorporation has been made much easier with the help of the company formation agency. The entire set-up is being done in package system. Even customized packages are available to meet all the requirements of the company formation.

Stable economy

Last but not at all the least is the stable economic condition of the place encourages business personnel to set up business.  It is having one of the most powerful economies which have seen no huge recession with higher values of Pound too.

Well these reasons are enough to seek your encouragement and set up a new business at the BVI land.

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Company Subscription - An Overview

On line company development permits corporations to be formed in a tiny amount of time. Registration vendors specialise in the business registration method and might guide consumers create corporations in a short time. Several online businesses have started over 100,000 organizations. You will find potential owners that begin their business right by finding the best people who realize the procedure very well. This may support business people avoid problems with taxation and conformity connected concerns.

To become an online registration agent, you have to be experienced and experienced especially in the subject of company forming. Many of them have experience in business, accounting or law. Their ideas is affordable, and the solutions are inexpensive. Before any choice method, it is important that people validate their accreditations with the appropriate agency. Most of the legal types are sent in over the internet. Some of the documents included are share allotments, certificates sharing, share courses, sales research appointments and others. Title check always services can be given by many of these companies.

The prices ranges everywhere from $45 to $400 which varies as a result of documentation and organization included. A professional expert will assess the documents for accuracy and problem the certifications electronically or via mail in relation to the bundle type. Several other paperwork may be shipped digitally or in PDF or Term file format. The paper free procedure is better those interested in preserving the surroundings. It may also save on cost associated as time passes and price required for delivery. Each package offers consumers many different support. The more company provided, the more costly the package becomes.

China company registration

Many on line company registration firms can form an organization in moments or several hours. But the most popular time range is within three to six hours, like the verification process. Some provide free conversation prior to the company progress process starts. Plenty of the these companies may also give advice on selecting the best subscription for the business. A high block bank account, web page development, a toll free number and Manager and Shareholder arrangement are often included. Some individuals even give secretarial support. Whether a limited community limited company (PLC) or responsibility relationship (LLP) is necessary, on the web support can be obtained to simply help owners. Every one of the method can be finished online.

Numerous on line company formation solutions also contain: Bookkepping aid, Apostile services, Notary solutions, stamps, closes and different honours. Equally new firms and shelf corporations are made through on the web company enrollment services. Company stamps, wafers, name dishes or closes may be furnished by some on line firms. The values are usually cost effective, and the shipping is in fact quick.

When on line business development solutions give sales help, the vendors typically run in equilibrium with an current accountant that handles the firm's complicated dealings. Then you're able to use your accountant for different purposes. The prices are generally cheaper with one of these firms. You is going to be charged furthermore for this kind of service. Any company related with this method is frequently equipped through on the web company registration.

Finding the very best company subscription support will start a lot of opportunities for clients. It is transparent and is friendly to business. Also, it could possibly offer the very best and fast establishment of new ventures. These days, there are lots of ventures that are needed to be documented in order to have a smooth-flowing transaction. Opting for the best enrollment company will help people instantly register their ventures. Also, you will find number permissions that they're requiring. But, there are a few restrictions which can be must be known.

A highly effective business registration is just easy and simple. The most effective part of it is that people can employ it on the Internet. Using the Internet will offer efficiency and fast service for the subscription of a business. They no more need certainly to go to a local service middle simply to take advantage of their services. They can get the most effective support through the Internet. Enrollment is simply easy. All people should do is always to gather up all the requirements needed.

After that, they'll be examined quickly. They could get benefits in number time. Absolutely, there are many wonders that the best enrollment of business can offer. But, before picking out a business title, people have to consider knowing other companies. Joining for a company name that already exists will simply produce way to allow them to crash in their registration. Also, they need to know that using specific phrases in the company title they want might need for the government's decision.

It is vital to undergo a company enroll in order to help a business to flourish even more. All they should do is to get help from the best support that will help them get wonderful results. It could make businesses'negotiations easier in starting a venture. It will offer wide variety of services apart from registration. All persons should do is always to make the most of understanding the best support that will provide the very best for them.

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LLP REGISTRATION

Step 1: Application for DIN or DPINStep 2: Secure & Register DSCStep 3: Create a login on the authority's portalStep 4: Incorporate an LLPStep 5: Draft LLP Agreement

Meaning of Limited Liability Partnership (LLP)

The Law defines LLP registration as:-

“A corporate business vehicle that enables professional expertise and entrepreneurial initiative to combine and operate in flexible, innovative and efficient manner, providing benefits of limited liability while allowing its members the flexibility for organizing their internal structure as a partnership”

Features of LLP

The LLP has Separate Legal Entity i.e. the LLP and the partners are distinct from each other.

Minimum of 2 partners are required to form a LLP. However, there is no limit on the maximum number of partners.

No requirement of Minimum Capital Contribution.

The LLP Act does not restrict the benefit of LLP structure to certain classes of Professionals only and would be available for use by any enterprise.

Benefits of forming an LLP 

The Liability of each partner is limited to his share as written in the Agreement filed at the time of creation of LLP as compared to Partnership Firms which have unlimited liability.

It has a Low Cost of Formation and is Easy to Form.

The Partners are not liable for the acts of each other and can be held liable only for their own acts as compared to Partnerships wherein they can be held liable for the acts of their partners as well.

Less Restrictions and Compliance are enforced on an LLP registration by the Govt as compared to the restrictions enforced on a Company.

As a Juristic Legal Person, a LLP can sue in its name and be sued by others. The partners are not liable to be sued for dues against the LLP.

Step-by-Step Procedure for Registering LLP in India

For an Indian LLP registration, you must first secure the Designated Partner Identification Number (DPIN). This can be done by filing an e-from for securing DPIN or DIN. You would then require obtaining DSC, i.e. Digital Signature Certificate, and register it on the MCA's portal.

After that, you need to get name approval for the firm from the ministry. Once the name is acquired, you can incorporate the LLP by filing the prescribed application form.

All serving partners of the proposed firm shall secure DPIN. For this, you need to file an online application viz, DIR-3 to secure DPIN. For those who already have DIN, the same can be used as a DPIN.

The Information Technology Act, 2000 emphasized the use of Digital Signatures on the dossiers furnished electronically to ensure the document's safety. Prevailing legalities mandate the proposed LLP to use the digital signature for signing the documents.

Acquire DSC – The licensed Certifying Authority, i.e. CA, grants the digital signature. CA indicates a person who has been vested with the authority to grant DSC u/s 24 of the Indian IT-Act 2000.

Register DSC - Role Check* Can Be Performed After Registering The DSC With The LLP Application.

'Role Check' functionality ensures that the MCA21 system shall validate whether the digital signatures affixed on the prescribed form belong to the company's signatory and/or of a practising professional (if applicable)

Visit the concerned authority portal and register as a user in the relevant user category. This is necessary for getting access to e-form.

Use Form 1 for registering the proposed LLP name. After name approval, proceed to address incorporation formalities such as facilitation of Incorporation document and Subscriber's statement.

After form approval, you will come across an email relating to the same. It also shows the status " "Approved" to confirm the applicant.

After the incorporation process, an initial LLP agreement has to be filed within the duration of 30 days of the incorporation date. The user must file the detail in Form 3 (information about LLP agreement and change, if any, made therein.

The user has to file the information in Form 3 ( Information with regard to Limited Liability Partnership Agreement and changes, if any, made therein).

What type of Documents are Required to Register an LLP in India?

Here are the listicles of mandatory documentation that are required during LLP registration  in India;

PAN Card/ Identification Proof Of Proposed Partners: All proposed partners are mandated to furnish their PAN during registration time. PAN card serves as a fundamental ID proof.

Partners' Address Proof: Proposed partner furnish any one document out of passport, Voted ID, DL, or Aadhar Card. Name as well as other information as per address proof & PAN card ought to be exactly the same.

Any Flaws In The Details Of The PAN Can Be Corrected Before Furnishing To RoC.

Partners' Residence Proof –Updated bank statement, utility bill, should be furnished as residence proof. Such bills should be the latest one, i.e. not older than 2-3 months & must entail the partner's name as cited in PAN card.

Photograph – Partners must furnish the latest passport size photo, preferably on white background.

Passport (In Case Of Overseas Nationals/ NRIs) – To become a partner of Indian-based LLP, overseas nationals & NRIs have to furnish their passport mandatorily. Passport must be notarized by the concerned authorities in the nation of such foreign nationals and NRI, else Indian Embassy located in the nation can also sign the documents.

Foreign nationals or NRIs must facilitate address proof, bank statement, and legit identity proof enclosing the address.

If The Documents Exist In Any Other Language, The Applicant Must Facilitate The Notarized Translation Copy.

Registered Office Address Proof: Registered office proof must be furnished during the registration process or within 30 days of incorporation.

If the registered office is rented, a rent agreement and a NOC from the actual land owner have to be furnished. NOC shall be the landlord's consent to permit the LLP to use the premises as a registered office'.

Also, anyone document out of gas, electricity, or telephone bill should be submitted. The bill should not be older than two months and must reflect the address of the premise and the owner's name.

Digital Signature Certificate (DSC): One of the designated partners must hold DSC for signing the documents electronically.

Benefits of an LLP

There are numerous benefits to be had from trading through an LLP -

Limited liability protects the member’s personal assets from the liabilities of the business. LLP’s are a separate legal entity to the members.

Flexibility. The operation of the partnership and distribution of profits is determined by written agreement between the members. This may allow for greater flexibility in the management of the business.

The LLP is deemed to be a legal person. It can buy, rent, lease, own property, employ staff, enter into contracts, and be held accountable if necessary.

Corporate ownership. LLP’s can appoint two companies as members of the LLP. In an LTD company at least one director must be a real person.

Designate and non-designate members. You can operate the LLP with different levels of membership.

Protecting the partnership name. By registering the LLP at Companies House you prevent another partnership or company from registering the same name.

This is not an exhaustive list but covers some of the key benefits on an LLP.

Disdvantages of an LLP

As with all formats of business there will be disadvantages as well as advantages. The following may be considered disadvantageous in some cases.

Public disclosure is the main disadvantage of an LLP registration. Financial accounts have to be submitted to Companies House for the public record. The accounts may declare income of the members which they may not wish to be made public.

Income is personal income and is taxed accordingly. There may be tax advantages in registering as a company, but this will depend on your personal circumstances.

Profit can not be retained in the same way as a company limited by shares. This means all earned profit is effectively distributed with no flexibility to hold over profit to a future tax year.

An LLP must have at least two members. If one member chooses to leave the partnership the LLP may have to be dissolved.

Residential addresses were historically recorded at Companies House. Whilst the use of ‘service addresses’ now allows for home addresses to be kept out of public view, any address previously supplied to Companies House is still part of the public record unless you pay for the records to be suppressed. For many businesses  this is not a problem. However, there are some examples where this may not be desired. Consider solicitors and partners of law firms that may not want their home address so freely available if their work involves sensitive cases.

This is not an exhaustive list but covers some of the key issues that some may feel are disadvantageous for LLP registration.

 https://www.cagmc.com/llp-registration/

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 Annual Compliance Of A Limited Liability Partnership | Ebizfiling

Is it easy for Limited Liability Partnership to file annual compliance?

 Introduction  

A limited liability partnership is an alternative form of business that combines the characteristics of both a company and a partnership firm. The LLP is managed by its partner and it is a separate legal entity from the partners. The formation of an LLP is simple, and an LLP annual compliance is less if compared to companies. Hence, LLP registration is most favored by professionals, micro and small businesses, and closely-held businesses.

 Advantages Of An LLP 

Some of the main advantages a LLP enjoys are as follows:

It has a separate legal entity from its partners.

It is able to raise money from NBFCs, partners, and banks.

The process for incorporating, converting, and closing an LLP is straightforward and uncomplicated.

Its assets and obligations are separate from those of the promoters.

LLP is able to transfer ownership easily.

The registrar of Companies, MCA supervises the compliance of LLPs. Every year, the annual compliance of LLP is made mandatory by the Indian Government.

 Annual Compliance Of A Limited Liability Partnership 

A. Maintenance of books of accounts and documents

The LLPs are mandated to keep the book of accounts on either a cash-basis or an accrual-basis. Other important papers, such as the LLP's annual return, statement of account & solvency, names of partners & changes made, and evidence of fee payment, should also be preserved at the LLP's registered office. Furthermore, the books of accounts must be kept at the LLP's registered office for the specified period.

B. LLP audit requirement

A Limited Liability Partnership (LLP) is obliged to have its books audited if its annual turnover exceeds INR 40 lakh or its contribution exceeds INR 25 lakh.

C. Form 11: Filing of annual return

The LLP file form 11 to submit a statement of annual return. Every LLP needs to file an annual return to the Registrar within 60 days from the conclusion of the financial year. Annual return is a sum-up of all the designated partners like whether there are any changes in the management of LLP or not. Form 11 is a mandatory LLP compliance filed with the MCA even if they are not doing any business. It is a necessary requirement of law that even NIL returns should be filed. A penalty of Rs.100 per day is paid by the LLP if the annual return is not filed within the due date i.e 30th May.

D. Form 8: Filing of statement of accounts

Form 8 is a statement of accounts. Every LLP needs to prepare and close its accounts until the 31st March every year. The requirement for filing this form is that it should be duly signed by at least 2 designated partners. It is to be filed with the Registrar within 30 days after completion of six months of the Financial Year i.e. 30th October every year. The documents which need to be attached with Form 8 are copy of the balance sheet and profit & loss account of the LLP, disclosure under MSME, 2006 etc.  A penalty of Rs.100 per day needs to be paid by the LLP if the annual return is not filed within the due date.

E. Income tax return filing

The income tax return must be filed annually by each LLP. Form ITR-5 is filed by all the LLP within the due date specified by the tax authority.

 Why Should An LLP File Annual Compliance Regularly? 

It increases the reputation and trust of the firm.

It enables an LLP to ask for loans easily and obtain credit from other sources.

Regular filing helps other investors to review and analyze your financial position.

It helps to keep the status of an LLP active.

The partners or firm don't have to pay fines, penalties, or legal fees for non-filing or delay of filing.

The simple conversion of an LLP into other organizational forms is ensured by annual filing.

 Key Takeaways 

The obligation to file annual compliance every year by LLP regardless of the number of transactions or the amount of turnover. Since LLPs are subject to less compliance than companies. It is always good to submit all forms and returns before the due date in order to avoid paying fines for non-filing of compliance for LLP.

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Do You Know the NPS Scheme Eligibility Criteria?

The National Pension System (NPS) Scheme is a portable retirement savings account which is flexible, low cost and easy to access. An initiative by the Government of India, it offers retirement benefits to its subscribers. This scheme also provides tax redemption benefits under Sections 80C and 80CCD of the Income Tax Act. It is regulated by the Pension Fund Regulatory and Development Authority (PFRDA), and being associated with the central government, this scheme provides the benchmarks for trusted and assured returns.

An investor subscribed to the NPS scheme has the option of contributing to their retirement account on their own, in addition to a contribution from their employers in the form of social security. The framework of the National Pension System is built in such a manner that any contributions made by the investor accumulate in their account, which is then invested into versatile portfolios by pension fund managers vetted by the PFRDA.

Other than the main benefit of the NPS scheme, which is being regulated by the PFRDA, a government body, there are several other advantages provided by the NPS Scheme. One of the most crucial, are the tax redemption advantages presented to the investor. Under the Income Tax Act of 1961, all subscribers to the NPS Scheme are eligible to receive tax rebates. Furthermore, subscription to the NPS also provides investors with optimum market-based returns according to their investment choices. The NPS Scheme is also amongst the lowest charging pension schemes that also allows it’s subscribers to access their NPS accounts 24X7, to maintain complete transparency and to provide mandatory public disclosures.

To subscribe to the NPS Scheme, all investors need to be a citizen of India, irrespective of them being Indian residents or not (NRI or OCI). The conditions for eligibility are:

The applicant must be between the age of 18-70 at the time of application.

The applicant must comply with the Know Your Customer (KYC) norms as mentioned in the Subscriber Registration Form. It is mandatory that the documents required for KYC compliance be submitted as and when required

The NPS Scheme was put into effect by the Central Government from January 1, 2004, for all it's employees, with the exception of the armed forces. This means that all employees of the Central Government who have joined since, are covered under the National Pension System. Along with the government bodies directly under the Central Government, the employees working under Central Government Autonomous Bodies (CABs) are also covered by the NPS Scheme.

Along with the Central Government, numerous State Governments have also undertaken the National Pension System as a retirement scheme for their employees. To be eligible for the NPS scheme under the State Governments, the particular State Government would have to be among the ones who have adopted the framework. The same format is also applicable for the State Government Autonomous Bodies (SABs).

The National Pension System is also available for corporate entities. For the corporate model to be applicable, the entity must be registered under the Companies Act or under a number of Co-operative Acts. The entity can also be either a Central Public Sector Enterprise, or a State Public Sector Enterprise. The NPS Scheme is available to a corporate entity even when it is a registered Partnership Firm or a registered Limited Liability Partnership (LLP). Proprietorship concerns and trusts are also eligible to be a part of the NPS Scheme. For investors who are a part of the corporate entity, the individual must be between the age of 18-70 years and be in compliance with the KYC norms.

If you are looking for a suitable  retirement  plan and are eligible for the NPS Scheme, look no further. With a strong physical and digital presence, the National Pension System is one of the most accessible retirement schemes.

Hurry and become a part of this government initiative here at KFintech.

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Louis Lehot: What Are SPACs, and How They Are Different From IPOs?

One of the hottest investment trends in the past year is the rise of special-purpose acquisition companies, commonly called SPACs.  SPACs are shell companies that exist to raise capital to acquire other companies, which is why SPACs are also known as “blank-check companies.”

The concept is an old idea, dating back to at least the late nineteenth century, when Henry Villard sought to raise capital to buy the Northern Pacific Railroad without revealing the name of the target company.  Modern-day SPACs have existed since the mid-1990s.  Today, these investment vehicles have been used across a myriad of industries—from a manufacturer of electric cars to an aerospace startup to a cryptocurrency mining company.

While SPACs, as they are known today, has been around for decades, they have seen explosive growth in the last few years.  SPACInsider reports that the number of SPAC IPOs grew from one in 2009 to thirty-four in 2017.  Two years later, there were fifty-nine, and interest exploded to 248 in 2020.  This year is already on track to set a record, with 237 SPAC IPOs as of March 9, and proceeds almost equaling the total from all of last year.

The level of SPAC activity has accelerated to unprecedented levels in the M&A markets as well as the IPO markets.  According to Deal Point Data, the amount of capital pursuing “public-ready” private targets is 1.85x larger than the total gross proceeds raised in traditional IPOs in all of 2020, and 298x 2019’s IPO proceeds.  The 544 SPACs seeking targets represents 1.42x the number of non-SPAC IPOs priced in 2019 and 2020 combined.

But how is a SPAC different?  For the target company, a SPAC acquisition provides a means of separating the IPO from the company itself.  Investors buy shares of the SPAC, not of the target company, but after the merger, the shares of the SPAC effectively become shares of the original corporation.

This abstraction of the IPO from the underlying company explains the increasing popularity of SPACs.  They provide a streamlined alternative to traditional IPOs.  While a traditional IPO takes one to two years to complete, a SPAC merger can close in under six months.  PwC notes that SPAC mergers can help the target companies gain liquidity without as much uncertainty in valuation, which is especially important when markets are volatile.  Crunchbase notes that companies that would likely benefit from a SPAC acquisition over a traditional IPO are those that could launch a traditional IPO but want to accelerate their entrance into public markets in order to gain liquidity and capital.

The actual merger between the SPAC and the target company is called the de-SPAC transaction.  This process functions similarly to regular mergers, but the SPAC’s shareholders usually need to approve the acquisition before proceeding.  And because investments in the SPAC are held in escrow, operating funds are not easy to access.  The SPAC really is just a vehicle for investors to purchase the target.  Once the merger is complete, the SPAC fades away, while the shareholders gain their corresponding stakes in the target.

If you are considering taking your company public, a SPAC acquisition may be worth investigating.  Indeed, 290 SPAC IPOs were in registration as of February 28, 2021, versus 70 traditional IPOs, up from 129 and 99 respectively as of the end of Q3 2020, which marked the first quarter end for which interest in SPACs exceeded traditional IPOs.  Easier access to liquidity and a faster transition to public trading make SPACs very attractive.  SPAC mergers are not magical solutions, but they could be right for you.

Going public means having internal controls, disclosure controls and enterprise operating systems in place to satisfy stringent standards of the US Securities and Exchange Commission and strong enough to withstand the plaintiffs’ bar that can be unforgiving in civil litigation, and an ability to forecast revenues up and to the right to satisfy Wall Street investors.

When is a SPAC a better vehicle than a traditional IPO for your business?  A SPAC is particularly well-suited for a business that requires amounts of capital investment that exceed the ability of venture capital firms to fund them, and that is “public ready.”  It’s also well-suited for a well-prepared private company looking to go public quicker and cheaper than the traditional IPO.  But it’s not for everyone, especially retail investors who are less well-positioned to evaluate the probability of forward-looking estimates of future revenue, and not able to withstand a significant reduction in value.

Whether a SPAC or an IPO, the year 2020 marked the reversal of the multi-year trend of more companies deciding to go private than go public.

This blog is made available by Foley & Lardner LLP (“Foley” or “the Firm”) for informational purposes only. It is not meant to convey the Firm’s legal position on behalf of any client, nor is it intended to convey specific legal advice. Any opinions expressed in this article do not necessarily reflect the views of Foley & Lardner LLP, its partners, or its clients. Accordingly, do not act upon this information without seeking counsel from a licensed attorney. This blog is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Communicating with Foley through this website by email, blog post, or otherwise, does not create an attorney-client relationship for any legal matter. Therefore, any communication or material you transmit to Foley through this blog, whether by email, blog post or any other manner, will not be treated as confidential or proprietary. The information on this blog is published “AS IS” and is not guaranteed to be complete, accurate, and or up-to-date. Foley makes no representations or warranties of any kind, express or implied, as to the operation or content of the site. Foley expressly disclaims all other guarantees, warranties, conditions and representations of any kind, either express or implied, whether arising under any statute, law, commercial use or otherwise, including implied warranties of merchantability, fitness for a particular purpose, title and non-infringement. In no event shall Foley or any of its partners, officers, employees, agents or affiliates be liable, directly or indirectly, under any theory of law (contract, tort, negligence or otherwise), to you or anyone else, for any claims, losses or damages, direct, indirect special, incidental, punitive or consequential, resulting from or occasioned by the creation, use of or reliance on this site (including information and other content) or any third party websites or the information, resources or material accessed through any such websites. In some jurisdictions, the contents of this blog may be considered Attorney Advertising. If applicable, please note that prior results do not guarantee a similar outcome. Photographs are for dramatization purposes only and may include models. Likenesses do not necessarily imply current client, partnership or employee status.

About the Author:

LOUIS LEHOT is an EMERGING GROWTH COMPANY, VENTURE CAPITAL, AND M&A LAWYER at FOLEY & LARDNER in Silicon Valley. Louis spends his time providing entrepreneurs, innovative companies, and investors with practical and commercial legal strategies and solutions at all stages of growth, from garage to global. He focuses his efforts on technology, digital health, life science, and clean energy innovation. Louis’s clients are public and private companies, financial sponsors, venture capitalists, investors, and investment banks, and he has helped hundreds of companies at formation, obtaining financing, solving governing challenges, going public, and buying and selling. LOUIS is PRAISED by clients, colleagues, and industry guides for his business acumen, legal expertise, and leadership in Silicon Valley.

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Read the Articles written by LOUIS LEHOT:

LOUIS LEHOT- What to expect for seed and pre-seed stage financing in 2021

LOUIS LEHOT- A Brief Legal Guide To Buying And Selling Shares Of Private Company Stock

LOUIS LEHOT- The IPO Markets Are Changing, And So Is The Lock-up Agreement

LOUIS LEHOT- What are SPACs, and how they are different from IPOs?

LOUIS LEHOT- L2 Counsel Represents AgTech Leader FluroSat In Dagan Acquisition

LOUIS LEHOT- Considering Selling Your Company? Be Clear on Your Fiduciary Duties

LOUIS LEHOT- Incentivizing With Stock Options: What Your Startup Needs To Know About ISOs, NSOs And Other Parts Of The Alphabet Soup

LOUIS LEHOT- Ready To Sell Your Startup In 2021?

LOUIS LEHOT- The State Of The Acqui-Hire In 2021: The Good, The Bad, The Why And What’s Next

LOUIS LEHOT- Leaving Your Job? Don’t Forget Your Stock Options…

LOUIS LEHOT- A Short Primer for Startups on Local Labor and Employment Law Compliance

LOUIS LEHOT- How To Clean Up A Corporate Mess

LOUIS LEHOT- Calculating And Paying Delaware Franchise Taxes — Startups Need Not Panic

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LLP Registration in Pune | LLP Registration Consultants in Pune | LLP Registration services in Pune

LLP is a business registration format that goes hand in hand with the advantage of fewer tax compliances and consists of limited liability. Yes, you’re right, if you’re finding out company registration format instead of Pvt. Ltd. Co. or Partnership firm then limited liability Partnership i.e. LLP is that the answer. Facilitate your Firm/Co. registered under LLP with ease, providing cost/value – time-effective services. at 5999/- INR Only

Required Documents Proof of Identity (anyone): Passport/PAN Aadhaar-card/Voter ID Driving Licence Passport Size photo of all directors Proof of Resident(anyone): Mobile bill/Telephone bill/Bank Statement/Electricity Bill. Note: If the place is rented the NOC is required. Address proof of Office (anyone): Electricity bill/Index 2/Corporate tax receipt of the company

Information Required:

Name of Co. Nature of Co. Email Id Mobile No. Date of commencement Shareholding patterns of Directors Qualification of Directors Steps for LLP Registration in Pune

Step 1 Submit a Scanned copy of the documents

Step 2 Acquire DSC DPIN

Step 3 We will prepare legal documents

Step 4 Filing of an LLP agreement is done

Step 5 Get LLP Incorporation certificate

Step 6 Get PAN and TAN

Limited Liability Partnership is a partnership where the liability of some or all partners is limited to the amount they have put into the business. LLP is a form of business straightforward to manage and has a separate legal entity. It is ruled by liability Partnership Act, 2008. LLP is the most custom-made format of company registration, amongst Professionals (CA Doctors Lawyers, etc.), Micro and Small businesses.

The Time taken for the formation of the LLP is of 15-20 days, LLP does not enjoy perpetual succession but its possession is transferable. As compared to Private limited companies in LLP it is not compulsory to held yearly meetings, also it is not necessary to maintain statutory registers and there are fewer tax compliances. I Connect Financial Solutions would be a one-stop destination for your LLP Registration in Pune, Get registered your new LLP with the verified LLP Registration Consultants in Pune.

Why Register under LLP:

Minimum 2 members are required- In LLP formation the minimum no. of members required is two and there is no limit in maximum no. of members. Will register with zero capital i.e. no capital demanded Separate legal entity with Limited Liability Transferable possession Easy to Manage and Operate We assist you throughout the registration process, making it additionally convenient, giving time to time legal consolatory.  Our wide client base speaks as proof. In these many years, we have registered no. of LLP’s and helped the entrepreneurs in all the tax compliances providing the best financial solutions.

Your wait is over. Get associated with the most trustworthy and renowned legal advisors in Pune I Connect Financial Solutions, backed by a team of experts who will guide you and help you throughout your journey. We understand, acknowledge, and then provide our best services to you. I Connect Financial Solutions providing the best LLP Registration Services in Pune.

JOIN IN NOW!! FOR HASSLE-FREE REGISTRATION PROCESS & CONTINUES LEGAL GUIDANCE JUST ONE CALL AWAY!!

What You Get DIN (Director Identification No.) DPIN (Designated Partner Identification No.) Name approval of LLP LLP Deed PAN TAN Frequently Asked Questions Are LLP and Partnership Firms similar? No, LLP and Partnership Firm are different in terms of liability and formation process. LLP consists of Limited Liability whereas in Partnership Firm Liability of the Partner is unlimited. What does LLP stand for? LLP stands for Limited Liability Partnership. It is a type of Company registration and formation where partners have limited liability towards the business. What are the basic requirements of a partner joining LLP? For the formation of LLP, it is mandatory to have two designated partners, one of them should be a resident of India. Why should I opt for LLP? LLP is a form of business that serves the advantage of limited liability having the flexibility of a partnership. With LLP one can enter into contracts as it has a separate legal entity. Change in partners doesn’t affect the structure of the business as LLP has perpetual succession. Raising funds, managing, and operating a business in full fledge are benefits of LLP. Is it necessary to add LLP in name of Co.? Yes, according to LLP Act, 2008 it is mandatory to add “LLP” at the end of the name of Co. as it shows that the Co./firm is registered with MCA under LLP Act, 2008. LLP and Company are the same things? LLP is a combination of Pvt. Ltd. Co. and Partnership. It is neither a Company nor a Partnership, but LLP is nearly a company having a separate legal entity with limited liability. In LLP members are known as partners and not as directors or shareholders. Can I convert the existing partnership into LLP? According to the provisions of clause 58 and Schedule II of the LLP act, one can convert the existing partnership into the LLP. For the same form 17 needs to file with form 2 for the conversion and incorporation process of LLP. Can I convert LLP into Pvt. Ltd. Co.? According to provisions in Companies Act, 2013 Section 366 and Companies Rules 2014 conversion is possible. Minimum requirements for conversion: LLP must consist of 7 partners Approval of all partners is necessary Advertisement is to be given in the local and national newspaper NOC is to be acquired from ROC Then all the incorporation process is undertaken. Get Free Consultation https://www.iconnectfinance.com/legal_services/llp-registration-in-pune/

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Egg powder Market: Global Industry Analysis, Size, Share

Global Egg powder Market: Overview

Egg powder refers to fully dehydrated eggs. This powder is made utilizing the method of spray drying in the fashion that is similar to how powdered milk is made. Diminished weight per volume of whole egg equivalent and prolonged shelf life are two benefits of the product, which are likely to support growth of the global egg powder market in the years to come.

Get Brochure of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6723

Egg protein is considered a multifunctional ingredient that is used in the making of various beverage and food products. Egg powder is improved with protein, bioactive, and amino acids that helps in the formation of bones and muscles. In addition to that, egg protein also plays the role of a gelling, foaming, thickening, and an emulsifier agent in various beverage and food products. In addition to that, egg powder is easy to digest, easily available, has neutral taste, and is economical. As such, egg powder is useful in many nutritious food preparations, which is likely to amplify growth opportunities for the global egg powder market over the period of forecast, from 2019 to 2029.

The global egg powder market has been segmented based on application, and region. The thorough analysis of the market comes with the main purpose of offering stakeholders with a clear view of the global egg powder market.

Global Egg powder Market: Notable Developments

The global egg powder market has come across some major developments over the last few years. One of such developments that have played an important role in influencing the course of the market is mentioned below:

In October 2018, US-based Designer Protein, LLC launched a new range of egg protein powders, branded as Totally Egg Protein. This new product comes with all the essential nutrients found in an egg. In addition, it also comes with naturally occurring phosphatidyserine and lecithin phosphatidycholine, thereby supporting nervous and cellular health. This newly launched product is likely to assist the company flourish in the egg protein sector.

Some prominent market players of the global egg powder market are

Sharrets Nutritions LLP

Sanovo Technology Group

Rembrandt Enterprises

Rose Acre Farms

Designer Protein, LLC

GF Ovodry S.P.A.

Global Egg powder Market: Growth Drivers

Demand for Lightweight Aluminum Components to Support Growth of the Market

The growth of the global egg powder market is expected to be driven by the rising need for packaged and storable food items. Egg powder comes with no extra mass or weight per volume of one whole egg, which is likely to support growth of the global egg powder market over the tenure of assessment, from 2020 to 2030. In addition, the demand for dehydrated and fresh eggs within the egg protein market is likely to emerge as another growth factor for the global egg powder market.

In addition, egg powder comes with prolonged shelf life, which makes it fit for consumption even after a long period of time. Egg powder comes with a shelf life of 5 to 10 years and when it is stored in an airtight container, it is non-perishable. Aggressive marketing strategies and innovative brand positioning is likely to support expansion of the global egg powder market over the forecast period, from 2019 to 2029.

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Global Egg powder Market: Regional Outlook

North America is one of the dominant regions in the global egg powder market and is expected to retain its position in the market over the period of assessment. Increased consumption of egg protein in dietary supplement due to its reasonable pricing is estimated to bolster growth of the market in North America. In addition, rising need for products with egg protein from athletics is expected to shoot up the demand for egg powder in North America.

The global egg powder market is segmented as:

Application

Dietary Supplements

Bakery Products

Meat Products

Ice Creams

Get Table of Content of the Report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=6723

About TMR Research:

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

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TMR Research,

3739 Balboa St # 1097,

San Francisco, CA 94121

United States

Tel: +1-415-520-1050

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LIMITED LIABILITY PARTNERSHIP REGISTRATION

LIMITED LIABILITY PARTNERSHIP REGISTRATION

Home Page Startup Rs 6,500/- Name Reservation LLP Registration 2 Digital Signatures 2 Director Identification Numbers Agreement GET Startup plus Rs 8,750/- Name Reservation LLP Registration Stamp duty 2 Digital Signatures 2 Director Identification Numbers Agreement PAN GST registration Bank Account Opening Support GET

Frequently Asked Questions

What are the steps to register an LLP in India? Obtain DSC (Digital Signature Certificate)Apply for DIN (Director Identification Number)Reserve your unique NameFile LLP registration application formPAN and TAN  ApplicationFile LLP Agreement within 30 days from Registration How much time will take to register an LLP ? We Biswas Filing Service, will register an LLP and Complete all procedures within 10 – 15 working days after receipt of all documents What are the documents required for LLp Registration? PAN of allPassport / VotersID/ Driving  License of allLatest Bank Statement of AllFor Registered OfficeBuilding Tax ReceiptLatest KSEB Bill of Registered Office What is DSC ? DSC stands for Digital Signature certificate. DSC is the digital equivalence of physical Signatures. It is needed to file the eforms to Ministry of Corporate Affairs. For the purpose of Company Registration of a private company, DSC for all the Directors are required. What is the Validity of LLP Registration Certificate. ? The registration certificate or incorporation certificate has a lifetime validity. There is no need of any renewal of Registration. Certificate issued by Ministry of Corporate Affairs under Government of India is valid all over the world How do I check whether my LLP is registered or not ? Go to the MCA website.Go to ‘MCA Services’ tab.In the drop-down click on ‘View Company/LLP Master Data’.Enter the companies CIN.Enter the captcha code. Click on ‘Submit’.Now you will be able to view the exact status of your registration process. What are the benefits of an LLP formation in India. ? It protects you from personal liability for business risks and losses.Makes you look serious and attracts more customers.Creates better image and credibility in the market.Easier to get bank credit and investment from investors.Creates faith in employees and easy to attract talented manpower.It is very convenient to exit or sell the business, due to less documentation and cost.LLP is a mix of Conventional Partnership and a Limited Company. It is a mix of benefits of both types of entities. Whether we receive any documents physically from Government after Registration.? No., We will not receive any documents physically. Some publishers are taking new Company’s data and sending to the registered address of the Company as VPP. Please Contact your Client Cordinator at Biswas Filing Service for guidance

Benefits of Limited Liability Partnership Registration

All the benefits of a Limited Company The Limited Liability Partnership (LLP) have all the benefits of a Private Limited Company, along with the possibility of unlimited members.Coversion of Business is possible A firm, Private Limited Company or an unlisted public Private Limited Company can be converted into Limited Liability Partnership (LLP). Limited LiabilityUnlike Partnership, no partner  their personal properties are liable on account of the independent or unauthorized action of other partners or for their misconduct.Less compliance costsCompare to Private Limited Company, the Complaince Cost is very low. Upto a certain limit of Share Capital and Turnover, no audits are requiredUnlimited Number of PartnersCompare to Private Limited Company or Partnership, the greatest feature of a limited liability partnership is that there is no limit on the number of partners.LLP Agreement Governs The mutual rights and duties of the partners of an Limited Liability Partnership (LLP) are governed by Limited Liability Partnership (LLP) Agreement. A limited liability partnership firm is governed under which law? The formation and regulation of limited liability partnerships is governed by Limited Liability Partnership Act, 2008 and the rules made thereunder i.e. Limited Liability Partnership Rules, 2009 Whether provisions of the Indian Partnership Act, 1932 would be applicable to LLPs ? As per Section 4 of the Act, save as otherwise provided, the provisions of the Indian Partnership Act 1932 shall not apply to a limited liability partnership. What is the basic difference between a Limited Liability Partnership and a General Partnership ? A Limited Liability Partnership is a legal entity separate from its partners and therefore, offers limited liability to its partners whereby any debts and obligations of the LLP will be borne by the assets of the LLP. In the case of a conventional partnership, the partners are jointly and severally liable for each debt and obligation of the partnership firm. Who can be a partner of a limited liability partnership ? As per clause (q) Section 2(1) of the Act, a partner”, in relation to a limited liability partnership, means any person who becomes a partner in the limited liability partnership in accordance with the limited liability partnership agreement. As per Section 5 of the Limited Liability Partnership Act, 2008, any individual or body corporate can be a partner in a limited liability partnership. Whether a trust or a trustee can become a partner in a LLP ? General Circular No. 37/2014, dated 14th October, 2014, clarified that the trustee being a body corporate and representing a trust in case of “Real Estate Investment Trust” (REIT) or “Infrastructure Investment Trust” (InvITs) or such other trusts set up under the regulations prescribed under the Securities & Exchange Board of India Act, 1992, is not barred to hold artnership in a LLP in its name without the addition of the statement that it is a trustee.

Thinks to Know before starting a LLP

Documents for Registration of an LLPDetails of documents required for registering an LLP in IndiaStatutory compliances after LLP registrationIn the LLP Act 2008, several statutory complainces are mentioned, to run an LLP. The non complaince of the provisons may lead to heavy penaltiesTrademark Registration – A brief noteTrademark registration provides us a better protection to our brand and priority for our Company Name ApplicationPoints to remember before Company registration / LLP registrationBefore registering a Private Limited Company, please go through the terms, conditions and important instructionsHow to choose a Name for your LLPThe process of registration of a Private Limited Company, documents required, time taken, etc..,Limited Liability Partnership Registration (LLP) will provide a platform to small and medium enterprises and professional firms to conduct their business/profession efficiently which would, in turn, increase their global competitiveness.  After Limited Liability Partnership Registration, (LLP) it will become a corporate business vehicle that enables professional expertise and entrepreneurial initiative to combine and operate in flexible, innovative and efficient manner, as a hybrid of companies & partnerships providing benefits of limited liability while allowing its members the flexibility for organizing their internal structure as a partnership. Limited Liability Partnership (LLP) is a legal entity under Limited Liability Partnership Act, 2008. A Limited Liability Partnership, popularly known as LLP combines the advantages of both the Private Limited Company and Partnership into a single form of organization. Limited Liability Partnership (LLP) ) is a new corporate form that enables professional knowledge and entrepreneurial skill to combine, organize and operate in an innovative and proficient manner. It provides and alternative to the traditional partnership firm with unlimited liability. After Limited Liability Partnership Registration (LLP), its members can avail the benefit of limited liability and the flexibility of organizing their internal management on the basis of a mutually-arrived agreement, as is the case in a partnership firm.  LLPs proved to be a unique mode of doing business appealing especially to those run by freelancers, professionals of different specialisations such as digital marketers, software engineers, traders, real estate agents, advocates etc. resorting to Joint Ventures, Venture Capitals, Small and medium enterprises formats to fulfil their business aspirations. People from different walks of life who had been wanting to tie-up for commercial purposes found this as a perfect way out, one which was needed for quite a long time, one which had the flexibility of a partnership, the flexibility of organizing internal management on the basis of a mutually arrived agreement amongst the partners along with the advantages of limited liability of a company including but not limited to limited liability, all at a low compliance cost. Limited Liability Partnership (LLP) is a body corporate and legal entity separate from its partners, have perpetual succession and any change in the partners of a Limited Liability Partnership (LLP) shall not affect the existence, rights or liabilities of the Limited Liability Partnership (LLP) . To start a limited liability partnership at least two members are required initially. However, there is no limit on the maximum number of partners. After Limited Liability Partnership Registration (LLP) some or all partners (depending on the jurisdiction) have limited liabilities. It therefore exhibits elements of partnerships and corporations. In an Limited Liability Partnership (LLP) , each partner is not responsible or liable for another partner’s misconduct or negligence. For Limited Liability Partnership registration, minimum 2 partners are required.

NEED FOR LIMITED LIABILITY PARTNERSHIP (LLP) REGISTRATION

At present, under partnership law, the maximum numbers of partners a partnership firm can have is fifty also the partners are liable jointly and severally and most importantly their liability is unlimited which means that the personal property of the partners can also be attached for the satisfaction of the debts, in addition to the capital contributed by the partners in the firm. This is the principle reason why partnership firms of professional have not grown in size to meet the challenges posed today. Not only are the firm’s assets completely liquidated under the standard principles of the partnership law, but the partners are also jointly and severally liable for the entire liabilities of the partnership. Thus, the present system acts as a deterrent for the growth and expansion of service based organizations.  The Limited Liability Partnership (LLP) is viewed as an alternative corporate business vehicle that provides the benefits of limited liability but allows its members the flexibility of organising their internal structure as a partnership based on a mutually arrived agreement. The Limited Liability Partnership (LLP) registration would enable entrepreneurs, professionals and enterprises providing services of any kind or engaged in scientific and technical disciplines, to form commercially efficient vehicles suited to their requirements. Owing to flexibility in its structure and operation, the Limited Liability Partnership (LLP) would also be suitable vehicle for small enterprises and for investment by venture capital.  As the basic structure or model of the Limited Liability Partnership (LLP) is similar to that of any partnership firm Limited Liability Partnership (LLP) requires minimum two partners to form it. Limited Liability Partnership (LLP) cannot be formed by a single person. NRI/Foreign national who want to form an Limited Liability Partnership (LLP) in India then at least one partner should be a resident of India. Two foreign partners cannot form Limited Liability Partnership (LLP) without having one resident Indian partner along with them. It takes more days to form, as all the partners’ signatures are required for each and every document which is then to be attached to requirede-forms. Therefore self attestation of each partner on documents is more as compared to the formation of any Private ltd Private Limited Company.  There should be at least 2 persons (natural or artificial) to form an Limited Liability Partnership . In case any Body Corporate is a partner, then he will be required to nominate any person (natural) as its nominee for the purpose of the Limited Liability Partnership (LLP). Biswas Filing  is a pre and post business registration compliance management service provider. We are a group of Chartered Accountants, Company Secretaries and Advocates based in Thiruvananthapuram. Our aim is to register start-ups, micro, small and medium business at an affordable cost, by limiting our charges, in order to provide a support for the budding businesses. We are delivering a wide range of services to the business enterprises in Kerala, including Company Registration, Limited Liability Partnership Registration, Partnership Firm Registration, OPC Registration, GST Registration and Filing, Accounting and Book Keeping Services and Filing firm. Our Services

Private Limited Company Registration The Private Limited Company Registration enables to carry on the business at the large scale

Partnership Registration Partnership firm registration is the most easiest registration process, comparing the post registration regulatory compliances

One Person Company(OPC) registration When our idea is unique and we have enough resources to start a company

GST Registration and Filings GST is one of the major taxation restructurings in India aiming to merge State economies and enhance overall growth by forming a single, unified Indian market to make the economy more powerfull.

Limited Liability Partnership Limited Liability Partnership (LLP) Registration will provide a platform to small and medium enterprises

NGO Registration​ NGO’s or Non Governmental Organisations or Non Profit Organizations are a group of volunteers/ people Joined together for social and charitable activities, for the welfare of the Public and society​.

Our Blogs

Evolution of LLP – The new era of Partnership June 28, 2020 The evolution in the legal structure of a classic partnership firm brought about the greatest single invention of modern times… കേരള പ്രൊഫഷണൽ ടാക്സ് April 30, 2020 പ്രൊഫഷണൽ ടാക്സ് എന്നത് ജീവനക്കാരുടെമേൽ ചുമത്തുന്ന നികുതിയാണ് – ശമ്പളം ലഭിക്കുന്ന വ്യക്തികൾ, സർക്കാർ അല്ലെങ്കിൽ സർക്കാരിതര സ്ഥാപനങ്ങളിൽ അല്ലെങ്കിൽ ഏതെങ്കിലും തൊഴിലിൽ ഏർപ്പെടുന്നവർ. ഐടി കമ്പനികളും… One-time Penalty Reduction & Prosecution Immunity for LLP March 6, 2020 The Government has recently unveiled a scheme that provides prosecution immunity and reduces the penalty for late filing various LLP… 10 Benefits of an LLP February 6, 2020 The benefits of forming a Limited Liability Partnership are as follows Easy and economical to register and convenient to operate… Points to remember before Company registration / LLP registration January 22, 2020 All documents should be scanned in a document scanner with more than 300dpi resolution in color or black and white… Limited Liability Partnership and Private Company – A Comparison January 7, 2020 Limited Liability Partnership requires a minimum of two partners. However there is no maximum limit like a Private Limited Company.… LIMITED LIABILITY PARTNERSHIP December 18, 2019 Limited Liability Partnership has been introduced in India by way of Limited Liability Partnership Act, 2008. A Limited Liability Partnership,… Read the full article