LLP Registration in Bengaluru
Ideal business structure for Small and Medium sized
Enterprises going for Partnership
Starting At Rs. 8,619 Onwards
SAVE 50% COST..!!!
(Takes 15-30 days)
What is LLP Registration ?
LLP Registration in Bengaluru – LLP is a partnership registered and governed under the Limited Liability Partnership Act, 2008.
It is a body corporate which combines the features of a Company and a traditional partnership firm.
LLP is a legal entity where all the partners have limited and disjoint liability. LLP’s existence is not affected due to change in partners. It can hold contracts and enter into property in its own name.
Benefits of LLP Registration in Bengaluru
“Bangalore, the Silicon Valley of India is booming with unprecedented growth”
Popularly known as the Silicon Valley and the destination to 5 of the 8 unicorns of India’s. Bengaluru is the best destination at the present for all the start-ups.
Today the IT sector of India is worths approx. $ 146 billion. All the credits for this to Bengaluru, because Bengaluru is the destination to the IT giants like Wipro, Infosys and what not.
Bangalore is the IT Hub and also the center of startups, every day a new idea comes for business with the dedication and passion to make it big. So the investors are also showing their interests in those startups ideas to provide them the funds.
Ease of Business
All the top talent believe that Bengaluru is the place to fulfill the dreams.Services. Entrepreneurship in Bengaluru is the most attractive one because of the infrastructure. Also, the eco-system that has the talent, investors, research and development, huge competition and of course, the excellent weather condition.
While Unlimited Liability Entities such as partnership were easy to register but they suffered the disadvantage of unlimited liability. Thus there was a need for a single entity that could combine the advantages offered by both these forms of organisations.
LLP registration is easier with post registration compliances less in comparison to a body corporate and unlike partnership where liability is unlimited LLPs limit the liability of partners to the extent of their capital contribution. Also LLP is more preferred by VCs if one wants to go for funding.
Why choose us for LLP Registration in Bengaluru?
When you choose us as your service provider for LLP Registration in Bengaluru we promise undivided attention to you. Our team of experts ensures that your work is carried out with accuracy and detail. Our CRM system is designed in a way to provide tracking to each client about their work status and hence ensures quick completion of tasks. Our experienced support staff will help you at every stage of your work and advise you wherever needed. Our services do not end at registration. We provide Bookkeeping, Licensing, Auditing, Annual Filing and tax filing services in Bengaluru. You can outsource us all and focus on your core business operations.
What Is Included In Our LLP Registration in Bengaluru Package?
- DPIN for 2 Partners
- Digital Signature For 2 Partners
- Name search & approval
- LLP Agreement
- ROC Fees & Pan Card
- Free accounting software & GST filing
Minimum Requirements for LLP Registration in Bengaluru
- There should be a minimum of 2 partners.
- There is no capital requirement, i.e. partners are allowed to start their LLP from any amount of capital.
- 1 Indian Native Partner is necessary.
Documents Required for LLP Registration in Bengaluru:
- PAN Card
- DIN or DPIN – Director identification number or the designated partnership identification number
- Identity proof
- Address Proof
- Utility Bill of the Registered Office
- No Object Certificate from the Property owner
- Copy of Rental Agreement
- Digital Signature Certificate
Procedure For LLP Registration
Advantages of LLP Registration
Since, LLP is a hybrid of a company and a partnership it has combination of plus points of both a company and a partnership. Some of those points are listed below as to why you should go for LLP Registration in Bengaluru:
- Separate Legal Entity
- Limited Liability
- Low cost of setup
- Lesser compliance requirements as compared to a company
- Dis-joint liability – partners are protected from joint liability created by another partner’s wrongful acts or misconduct.
- Tax Benefits i.e. LLP would be taxed in the same way as a traditional partnership firm
- Perpetual Succession
- There is no maximum limit for the number of shareholders in the Limited Liability Partnership.
Procedure for LLP Registration in Bengaluru
Step 1: Obtain DIN/DPIN
Any individual planning to become the partner of an LLP has to submit an application for DIN.
Step 2: Register your DSC
A partner should fill up the registration form and upload the DSC. After successful registration, you will get an acknowledgment message.
Step 3: Fill Form 1 for name availability
Download and fill Form-1 for reservation of name and fill in the details. Select the name of the proposed. State the significance of the keyword brief.
Step 4: Fill Form 2 for incorporation
Mention the number of their partners along with details. Select the office of the registrar to fill out the application. On submission of complete application, you will get the certificate of incorporation.
Step 5: Drafting LLP Agreement
It is not mandatory to file LLP agreement at the time of registration and it takes 30 days. Designated partners are responsible for doing all acts, matters, and things that are required to be done for complying with the provisions of the LLP act.