Ideal business structure for Small and Medium sized Enterprises going for Partnership
Earlier there were only two forms of Organisation:
LLP Registration in Hyderabad – LLP is a legal entity where all the partners have limited and disjoint liability. LLP’s existence is not affected due to a change in partners. It can hold contracts and enter into the property in its own name. 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..
LLP is a legal entity where all the partners have limited and disjoint liability, i.e. the personal assets of the partners cannot be utilized to pay off firm’s liabilities and individual partners have no joint liability created by another partner’s wrongful business decisions or carelessness.Learn more
You need to fill our simple LLP online questionnaire and submit LLP documents.
After submitting your documents we will provide you with DSC and DPIN
Details provided by you will be verified & then we shall apply for LLP name approval.
We will create all the required documents (MOA & AOA) and file them with ROC for your LLP.
Once your LLP is incorporated, we shall send you LLP certificate and DSCs
After the financial crisis of 2008 and the Satyam computer scandal, which once created a situation of crisis in the market of Hyderabad, today it has again risen up as one of the biggest centers of business operations basically for the start-ups. Let’s see what you can get in the Hyderabad market.
Hyderabad is the bank of the ingredients which a start-up really wants and needs to. The availability of good infrastructure, talent, Govt. Sponsors such as Thumb makes it so. Also, it is the operational center for big giants like Uber, Amazon, Google, and some of the well-known educational institutes like IIT, ISB, NALSAR, and whatnot.
Hyderabad City has ranked the second best Indian city to do business by Worlds Bank Groups. It has witnessed around 8% of the overall startup activity in the country. The City and its suburbs contain the highest number of SEZs (Special economic zones) and is emerging as a breeding ground for growing enterprises.
Any individual planning to become the partner of an LLP, has to submit an application for DIN. According to the notification of MCA regarding LLP rule, 2009, any partner who will be appointed as the designated partner of a company will have to apply for DIN instead of DPIN. The application for this is filled using an e-form which has a nominal cost of R. 100.
A partner who is going to be registered as the designated partner needs to get class 2 and class 3 DSC. Register on the MCA website, fill up the registration form and upload the DSC. After successful registration, you will get an acknowledgment message
A free name search facility is available on the MCA portal. The system will provide the list of similar/closely resembling names of existing companies/LLPs based on the search criteria filled up. 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.
Mention the number of their partners along with details. Enter the monetary value of the partner’s share. Select the office of the registrar to file the application. Pay the prescribed fees. On submission of the complete application, you will get the certificate of incorporation.
It is not mandatory to file an 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. They are liable to all penalties imposed on the LLP. So it is very important to draft an LLP agreement with professional help.
The LLP agreement needs to be uploaded. Once it gets approved all the formalities for registration gets completed.
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 Hyderabad: