How to Incorporate a New Limited Liability Partnership Registration India

How to Incorporate a New Limited Liability Partnership Registration India



The LLP is an excellent choice for small- and mid-sized businesses with a few key employees. It is a tax structure that provides limited liability and offers flexibility for capital contributions. In addition, the management structure is more streamlined than that of a corporation. For example, instead of multiple shareholders, the company's directors and partners have votes on decisions.

To register a new LLP, the partners will need to submit personal details like PAN card and address proofs. The name of the LLP must be unique. If you're using a commercial space, you will need to get an NOC from the landlord. The LLP will also need to submit documents showing its capital contribution. 

Next, the LLP will need to submit its registered office address. This can be a home or business address, depending on your preferences. You can conduct a free name search on the MCA portal to ensure that the name you want is not taken by another LLP. If it is, you can reserve a different one.

Once you've met your state's requirements, you can open a bank account for the LLP. This will help preserve your limited liability protection by separating your business expenses from your personal ones.

Once your LLP is registered, you'll need to file certain documents periodically with the registrar and other government agencies. These include profit & loss accounts, balance sheets, schedules to accounts, notes to the accounts, and director reports. Our team can help you with all of these filings at an affordable rate.

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