Jltriangle offers a hassle-free and comprehensive LLP accounting and compliance management solution starting at less than Rs.7899/- per year

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Eligibility

To register a Limited Liability Partnership (LLP) a minimum of two persons are required over the age of 18 with one being an Indian citizen and resident.

Compliance

Jltriangle offers a comprehensive llp accounting and compliance management solution starting at less than Rs.7899/- per year.

Limited Liability Partnership (LLP) Registration

Limited Liability Partnership (LLP) was introduced in India by way of the Limited Liability Partnership Act, 2008. The basic premise behind the introduction of Limited Liability Partnership (LLP) is to provide a form of business entity that is simple to maintain while providing limited liability to the owners. Since, its introduction in 2010, LLPs have been well received with over 1 lakhs registrations so far until September, 2014.

The main advantage of a Limited Liability Partnership over a traditional partnership firm is that in a LLP, one partner is not responsible or liable for another partner’s misconduct or negligence. A LLP also provides limited liability protection for the owners from the debts of the LLP. Therefore, all partners in a LLP enjoy a form of limited liability protection for each individual’s protection within the partnership, similar to that of the shareholders of a private limited company. However, unlike private limited company shareholder, the partners of a LLP have the right to manage the business directly.

LLP is one of the easiest form of business to incorporate and manage in India. With an easy incorporation process and simple compliance formalities, LLP is preferred by Professionals, Micro and Small businesses that are family owned or closely-held. Since, LLPs are not capable of issuing equity shares, LLP should be used for any business that has plans for raising equity funds during its life-cycle.

Jltriangle is the market leader in LLP registration services in India. In addition to LLP registration, Jltriangle also offers a variety of business registration services like private limited company registration, one person company registration, Nidhi Company Registration, Section 8 Company Registration, Producer Company Registration and Indian Subsidiary registration. The average time taken to complete a LLP registration is about 15 – 20 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 Jltriangle Advisor.

9 Articles to Read Before Limited Liability Partnership

Incorporation Process

Updated LLP registration process unveiled by the Ministry of Corporate Affairs with LLP RUN Name Approval procedure and details of processing under the Centralised Registration Centre.

Documents Required

Documents required for LLP registration in India for Indian Citizens and NRI nationals along with details of LLP subscribers sheet. PAN and address proof of Partners is required to register LLP.

LLP vs Partnership

LLP was introduced in the year 2010 in India to provide Entrepreneurs with an alternative to Partnership Firms. The purpose of introducing Limited Liability Partnership (LLP) is to introduce a form of business entity, which provides limited liability to the owners and at the same time relatively easy to manage.

Choosing a Name

Acceptable Name for Company or LLP, as per Companies Act, 2013 and LLP Act, 2008. Procedure for checking name availability and formulating a unique name.

NRIs and Foreigners

Guide to LLP Registration for NRIs and Foreign Nationals. 100% FDI is now allowed under the automatic route for LLPs. Jltriangle can help register a LLP.

LLP Compliance

LLPs registered in India must file MCA annual return and income tax return each year. Failure to file MCA or tax return to lead to penalty and disqualification of Partners. Jltriangle can help you prepare financial statements, file MCA annual return and income tax return for just Rs.7899.

GST Registration

GST registration procedure, eligibility and documents required. Entities with an annual revenue of more than Rs.20 lakhs must obtain GST registration. Complete your GST registration online with expert help from Jltriangle and obtain your GSTIN in less than a week from the comfort of your home.

GST Return Filing

File GST return online through Jltriangle with GST Expert Support. You can prepare and file GSTR-1, GSTR-2, GSTR-3 and GSTR-4 return online through Jltriangle. In addition to filing GST returns, you can also issue GST invoices and record purchases on LEDGERS to automatically file GST returns.

Trademark Registration

Online trademark registration, trademark search, documentation and Expert help for TM filing. Easily submit your trademark application for just Rs.5988 in less than a day from the comfort of your home. Jltriangle provides a range of trademark services from trademark filing to objection handling.