#llpregistrationcost

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LLP refers to Limited Liability Partnership which was announced in India by way of the Limited Liability Partnership Act, 2008. The essential premise behind the introduction of Limited Liability Partnership (LLP) is to administer a form of business entity that is simple to maintain while providing limited liability to the owners. The fundamental advantage of a Limited Liability Partnership over a traditional partnership firm is that in a LLP, one partner is not pledged or liable for another partner’s misconduct or negligence. LLP is one of the accessible form of business to incorporate and manage in India. With an easy incorporation action and simple compliance formalities, LLP is preferred by Professionals, Micro and Small businesses that are family purchases or closely-held. Since,LLPs are not able of issuing equity shares, LLP should be worn for any business that has plans for boost equity funds during its lifecycle. Lawgical India is one of the leading company in LLP registration services in India. In addition to LLP registration, Lawgical India also offers a variety of business registration services like Section 8 Company Registration, private limited company registration, one person company registration, Nidhi Company Registration, Producer Company Registration. The average time taken to complete a LLP registration is about 5 – 6 working days, subject to government processing time and client document submission. Get a free consultation on LLP registration and business setup in India by scheduling an appointment with an Lawgical India consultant. Get the LLP Registration in the most simplest and fastest way with Lawgical India Be your own Boss in just 5-6 working days, LLP Registration is done through Lawgical india can be done in Delhi NCR, Mumbai, Bengaluru, Chennai & all other Indian cities.

Advantages Of LLP Registration

Lower Registration Cost  The amount of registering LLP is below as compared to cost of incorporating a private limited or a public limited company. An illustration can show the approximate amount involved in development of private limited company and an LLP. Limited Liability  Businesses generally need to borrow money. In a General Partnership, partners are personally accountable for all this debt. So if it cannot be compensated by the business, the partners would have to sell their personal custody to do so. In an LLP, only the amount spend in starting the business would be lost; all personal property would be safe. Separate Legal Entity A LLP is a legal entity and a juristic person well-established under the Act. Therefore, a LLP has wide legal scope and can own property and also incur debts. However, the Partners of a LLP have no liability to the acceptor of a LLP for the debts of the LLP. Reduced Compliance  An LLP only requires scrutiny annual returns to be filed if it has a croissant of greater than Rs. 40 lakh or capital addition of over Rs. 25 lakh. It also needs to broadcast fewer business transactions and structural changes than a private limited company. Owning Property  A LLP being an unreal judicial person, can acquire own, enjoy and sell, property in its name. No Partner can make any allegation upon the property of the LLP – so long as the LLP is a going concern.

Documents Required

PAN Card or Passport (Foreign Nationals & NRIs)

Passport-sized Photograh

Copy of Aadhaar Card

Voter’s ID/Passport/Driver’s License

Notarized Rent Agreement in English

Latest bank statement 2 months-telephone or mobile bill-electricity or gas bill

Sale Deed-Property Deed in English in case of owned property

No-objection certificate (NOC) from the property owner

Read more about LLP Registration online at www.lawgicalindia.com