LLP Registration

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HOW WE WORK

Working Process

HOW WE WORK

Right plan for your business

Standard

2999/- + GOVT FEE

It offers a reliable and cost-effective hosting solution with all the essentials you need to get started.

Expert Assisted Process
Name Reservation in 2 days
Digital Signature Certificates in 48 Hours
Director Identification Number for Partners
Form SPICe+ Filing in 5 Days
ePAN & eTAN
PF & ESIC Registration

Additional Feature:

*Notes

Startup Plan

5499/- + GOVT FEE

It includes a range of advanced features and resources to support and grow your online presence.

CA/CS Assisted Process
Name Reservation in 24 Hours
Digital Signature Certificates in 24 Hours
Director Identification Numbers for Partners
Incorporation Filing in 2 Days
ePAN & eTAN
Draft LLP Agreement Preparation & Filing.
GST Registration
GST Filing
INC-20A
MSME Registration (Udyam)

Additional Feature:

*Notes

Shark Plan

10999/- + GOVT FEE

It offers the most robust set of features and resources to ensure the smooth operation and growth of your website.

CA/CS Assisted Process
Name Reservation in 24 Hours
Digital Signature Certificates in 24 Hours
Director Identification Numbers for Partners
Incorporation Filing in 2 Days
ePAN & eTAN
Draft LLP Agreement Preparation & Filing.
MSME Registration (Udyam)
MSME (Udyam)
GST Registration
GST Return Filing
Preparation of Financial Statements
Income Tax Return
Form 8 & Form 11 Filing
DIR-3 KYC

Additional Feature:

*Notes

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Talk to our experts to understand your business compliance
needs and suggest the best plan for you.

Overview
Features
Documents Checklist
Pre-requisites
Why TaxSharks

Limited Liability Partnership (LLP) is a business structure that combines elements of both traditional partnerships and corporations. An LLP provides a balance between the flexibility of a partnership and the limited liability protection of a corporation. It is a popular choice for small and medium-sized businesses where the partners seek to limit their personal liability while maintaining operational flexibility.

Legal Structure

An LLP is a legal entity separate from its partners, providing limited liability protection to its partners. This means that the personal assets of the partners are generally protected from the business liabilities.

Formation

Formation of an LLP involves registering under the Limited Liability Act 2008. The process typically includes filing a LLP Deed with the Registrar and paying registration fees.

Limited Liability

One of the main advantages of an LLP is that the personal assets of the partners are protected. In the event of business debts or legal issues, the liability of each partner is limited to their investment in the business.

Taxation

LLPs are typically taxed as partnerships, with profits and losses passing through to the individual partners. Each partner reports their share of the income on their personal tax returns.

Perpetual Succession

Unlike a general partnership firm, a limited liability partnership has the advantage of perpetual succession. This means that even if one or more partners retire, become insolvent, suffer from mental incapacity, or pass away, the LLP can continue its operations. Additionally, the LLP has the capacity to enter into contracts and own property in its own name.

Limited Compliance Requirements

LLPs generally have fewer compliance requirements compared to corporations. While they must meet certain filing obligations, the regulatory burden is often lighter, making it easier for partners to focus on business operations.

Credibility and Professionalism

The “LLP” designation often adds a level of credibility and professionalism to a business. This can be advantageous when dealing with clients, customers, and other stakeholders who may perceive LLPs as more established and reliable entities.

Pre-requisites for Incorporating an LLP

Why Taxsharks

TaxSharks is a idea introduced by like-minded professionals understanding the issues & problems faced by small, medium & large businesses. We are team of professionals including Chartered Accountants, Company Secreteries, Lawyers & Consultants, passionate to simplify the taxation & business laws. We aim at providing one on one expert assistance about all your queries assuring satisfaction.