Best LLP Registration Services In Ahmedabad
Call Us Today +91 80000 57972
If you are looking for a way to start a business in Ahmedabad, Gujarat, with minimal hassle and maximum benefits, you might want to consider registering your firm as a Limited Liability Partnership (LLP). An LLP is a type of partnership that combines the features of a company and a partnership, offering you the best of both worlds. What does LLP Stands for?
LLP stands for Limited liability partnership. LLP is combination of partnership and company form of entity,it provides legal benefits of both form of entity. In this there is limited liability of the partners and also gets benefit of the partnership. LLP is separate entity from its partners. We provide Best LLP regsitartion services in ahmedabad.As best CA in Ahmedabad services are GST,income tax, accounting,Audit,GST returns,etc.K M GATECHA & CO LLP is known best best LLP registration services in Ahmedabad.
LLP registration online|Simple steps for LLP formation in ahmedabad-Best LLP Registration Services
LLP registration in Ahmedabad
Here are some of the advantages of LLP registration in Ahmedabad:
- Limited liability: Unlike a traditional partnership, where each partner is liable for the debts and obligations of the firm, an LLP limits the liability of each partner to their capital contribution. This means that your personal assets are protected from the risks of the business, and you are only responsible for your own actions.
- Easy compliance: An LLP is easier to maintain and comply with than a company, as it has fewer statutory requirements and filings. For instance, an LLP does not need to hold annual general meetings, file annual returns, or maintain statutory registers. An LLP only needs to file its statement of accounts and solvency, and annual return, with the Registrar of LLPs. Moreover, an LLP does not need to get its accounts audited unless its turnover exceeds Rs. 40 lakhs or its capital contribution exceeds Rs. 25 lakhs.
- Flexibility: An LLP offers more flexibility than a company in terms of management and operation. An LLP can decide its own internal structure and rules through an LLP agreement, which governs the rights and duties of the partners. An LLP can also easily add or remove partners without affecting its existence or continuity.
- Tax benefits: An LLP enjoys some tax benefits compared to a company, such as lower income tax rate (30% plus surcharge and cess), no dividend distribution tax, no minimum alternate tax, and no tax on profit sharing among partners.
How to register an LLP in Ahmedabad?
To register an LLP in Ahmedabad, you need to follow these steps:
- Obtain digital signature certificates (DSCs) and director identification numbers (DINs) for the proposed partners: You need to obtain DSCs for at least two partners who will act as designated partners of the LLP. You also need to obtain DINs for them from the Ministry of Corporate Affairs (MCA) website.
- Reserve a name for your LLP: You need to apply for name reservation through the MCA website, by filling up Form RUN-LLP and paying the prescribed fee. You can suggest up to two names for your LLP, which should be unique and indicative of your business activity. The MCA will approve one of the names within 15 days.
- File incorporation documents with the MCA: You need to file Form FiLLiP with the MCA, along with the following documents:
- Proof of registered office address of the LLP (such as utility bill or rent agreement)
- Consent of the partners to act as designated partners (in Form 4)
- Subscription sheet signed by the partners
- LLP agreement executed by the partners
- Any other relevant documents as required
- Obtain certificate of incorporation from the MCA: Once the MCA verifies and approves your incorporation documents, it will issue a certificate of incorporation for your LLP, along with a unique LLP identification number (LLPIN). This certificate is conclusive proof of the existence of your LLP.
- Apply for PAN, TAN, GST, MSME, and other registrations as applicable: After obtaining the certificate of incorporation, you need to apply for a permanent account number (PAN) and a tax deduction and collection account number (TAN) for your LLP from the Income Tax Department. You also need to register your LLP under the Goods and Services Tax (GST) regime if your turnover exceeds Rs. 20 lakhs (or Rs. 10 lakhs in special category states). You can also register your LLP under the Micro, Small and Medium Enterprises (MSME) Development Act if you meet the eligibility criteria.
Best LLP Registration Services
Features of LLP are as follows:
- Though there may be changes in partners LLP continues to exist.
- There must be at least two designated partners in LLP formation.
- LLP can purchase, sell, enter into contracts in its own name.
- Partners in the LLP are only liable to their own contribution, however, LLP is liable to the extent of its full assets.
• PAN Card of Partners
• Identity Card of Partners (Voter id / Passport / Driving License)
• Address Proof of Partners (Utility Bill/ Bank Statement)
• Passport Size photo
• Proposed Name of LLP
• Object / Activity of the Proposed LLP
• Address Proof for LLP Registered Office (Utility Bill)
• In case of Foreign Partner : Document Must be Notarised & Apostle
What are the benefits of LLP registration in Gujarat
- LLP is kind of partnership firm
- Fast registration process
- Exemption of income tax to partner of LLP on shared profit of LLP
- Partner can be easily removed or added
- Audit required when turnover is more than 40 Lakhs
- LLP is Eligible for Startup India Registration
LLP registration Online can be done in following steps
- Deciding name and object
- Application for Name reservation
- Application for DIN and DSC of partners
- Submission of LLP incorporation application along with required documents to registrar of companies
- ROC will approve application after scrutiny of documents
- Preparing LLP deed and opening bank account
We are known for providing best LLP Registration Services in Ahmedabad
Best LLP Registration Services
FAQS on LLP formation-Best LLP registration services in Ahmedabad
• PAN Card of Partners
• Identity Card of Partners (Voter id / Passport / Driving License)
• Address Proof of Partners (Utility Bill/ Bank Statement)
• Passport Size photo
• Proposed Name of LLP
• Object / Activity of the Proposed LLP
• Address Proof for LLP Registered Office (Utility Bill)
• In case of Foreign Partner : Document Must be Notarised & Apostle
Minimum two partners are required to form LLP in India.
Following are the compulsory compliances of LLP
- Filing of income tax return is compulsory every year for partnership firm
- Filing of LLP form 8 and form 11 is compulsory every year
- Doing director/partner KYC is compulsory every year
- LLP audit is compulsory if turnover exceeds Rs.40lacs or capital contribution exceeds Rs.25lacs
- If covered under GST,income tax or FEMA than need to follow that complainces also.
In LLP there is less compliance as compared to a private limited company. In LLP there is no limit on a maximum number of partners however in the private limited company there can be only a maximum of 15 directors.
LLP agreement is an essential document for LLP formation. It is required to be submitted to the registrar of companies within 30 days of LLP incorporation. It contains details like rights, duties, obligations, capital contributions, profit sharing ratio, etc of partners and LLP.
- Step 1 : First step is application for DIN or DPIN. All designated partners of the proposed LLP shall obtain “Designated Partner Identification Number (DPIN)”. …
- Step 2 : Acquire/ Register DSC.on MCA.
- Step 3 : New User Registration on MCA.
- Step 4 : Incorporate a new LLP.
- Step 5 : File LLP Agreement with ministry of corporate affairs.
GST is not compulsory required for LLP.As GST registration is based on turnover. For service industry GST registration is required if turnover is more than Rs.20lacs in a year.
In India, Limited Liability Partnership (LLP) is a popular form of business organization. It is a business organization where two or more people come together to form a partnership. This structure combines the advantages of a corporation with the flexibility of a partnership.
The registration process for LLP is not as complicated as it may seem. With proper planning and the right resources, the process can be completed in an efficient and timely manner.
There is no minimum capital requirement for LLP registration.
- Low registration cost
- Less compliance cost
- No compulsory audit
yes, LLC and LLP are similar.
Our Other Services
CA Firm in ahmedabad
Being the best ca firm in Ahmedabad we provide CA services all over India. We have our associates spread over many cities.
Tax Consultant
We as the best tax consultant in Ahmedabad, india provide tax consultancy including direct and indirect tax consultancy.
Audit Firm in ahmedabad
We provide bank audits, stock audits, forensic audits, statutory audits, concurrent audits, tax audits, internal audits, information system audit services.
Accounting firm in ahmedabad
We provide bookkeeping, accounting, tally accounting, zero accounting, quick book accounting, Zoho accounting services.
GST Consultant
Our GST services include GST registration, GST payments, GST refunds services,e way bill consultant, GST return, GST classification, GST compliances, etc.
Chartered Accountant In Ahmedabad
We as the most-trusted chartered accountant in Ahmedabad provide all chartered accountant services under one roof.
Tax Accountant
We provide tax accounting services for effective tax planning and making tax provisions.
Income Tax Services In Ahmedabad
We provide income tax audits, income tax return filing, corporate income tax services, etc.