Limited liability Partnership

Required timing - 5 days.
Completely online – no need to visit office.
Documents scan copy(pdf) over email needed to start the work process.
CA/CS assisted company filing and consultancy services for all your company needs.

WHY CHOOSE CLIENT FILING INDIA?

Lowest Price and best service Guarantee.
No Hidden Cost .
India's most trusted compliance worthy portal.

Client Filing India is a modern day business platform and a compliance portal, which helps business person in easy incorporation, compliance, advisory, and business consultancy services to clients in India and abroad. LLP Incorporation and Registration is online, easy, seamless, cheapest and quickest with clientfilingindia.com.

Apart from a LLP Incorporation & registration, we also helps business entrepreneurs with One Person company Registration ,Private limited company Registration, Partnership Registration, , Public limited and Proprietorship Firm Registration easily. We also provide various trustworthy Compliance Services at client filing india. You may get in touch with our compliance manager on 09832949193 or email info@clientfilingindia.com for free consultation.

LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership. The LLP is a separate legal entity, is liable to the full extent of its assets but liability of the partners is limited to their agreed contribution in the LLP. LLP is a legal entity partnership act.

Separate Legal Entity- Continue its existence irrespective of changes in partners,
LLP itself can enter into contracts and hold properties,
Partners' Liability limited to the agreed contribution,
Professional & Non-professional (Businessmen), both can set up LLP.

Documents for Limited Liability partner Registration:

Photograph of all the Partners
PAN Card of all the Partners.
Self-Attested ID Proof of all the Partners (Driving License/Passport/Voter ID/AAdhaar)
Nominee pan card and self attested ID Proof(Driving License/Passport/Voter ID) if applicable
Electricity Bill or any other utility bill for the address proof of the Registered Office(Not older than two months with NOC from land lord, provided Business premises is rented.

The minimum number of partners to incorporate in an LLP is 2 and the maximum number has no limit. The powers and responsibilities of the designated partners, are administered by the LLP agreement. They are directly responsible for the compliance of all the provisions which have been mentioned in the “LLP Act, 2008” and terms defined in the “LLP agreement”.

Major Amendments introduced in LLP (Second Amendment) Rules, 2022

5 Designated Partners instead of 2 without DIN

The major amendment introduced via Limited Liability Partnership (Second Amendment) Rules, 2022 is that now the application for allotment of DPIN shall be made by up to 5 individuals in Form FiLLiP.

That means, now there can be 5 instead of 2 Designated Partners (without having DIN) at the time of Incorporation.

This is a significant step towards easing the procedure of appointing more than two Designated Partners (not having DPIN/ DIN) subject to a maximum of 5 Designated Partners at the time of incorporation itself.

Web-based process for LLP Formation

All the forms of LLP have now become web-based.

Just like the SPICe Plus Forms are for the Company formation, now an LLP Incorporation Process shall be done through web-based forms only.

The second important change made in the process of LLP formation through this amendment is that now every LLP shall have to mandatorily mention Latitude and Longitude in the Address Block.

The details of the Directors can be fetched from the Digi Locker Database.

PAN and TAN along with LLP Incorporation

It is stated in the notification that the Certificate of Incorporation of an LLP shall be issued in Form 16 by the Registrar.

In the said Form 16, the Registrar shall mention the PAN (Permanent Account Number) and TAN (Tax Deduction Account Number) issued by the Income Tax Department.

This means that now the LLPs shall not have to apply for PAN and TAN separately but it will be included in the process of Incorporation of a Limited Liability Partnership itself, just like it is in the case of Companies.

Hence, the LLPs shall be allotted their PAN and TAN along with the Certificate of Incorporation itself.

Solvency Statements and Certificate of Truthfulness

With the introduction of Limited Liability Partnership (Second Amendment) Rules, 2022, the Statement of Account and Solvency shall now be signed on behalf of the LLP by its an interim resolution professional or resolution professional, or liquidator or limited liability partnership administrator in case of a bankrupt entity, while earlier the Designated Partners in charge of compliance had to sign the Statement of Solvency.
The amended rules also cover the requirement of filing a Certificate of Truthfulness and Correctness of Annual Returns of LLPs with the sales of up to INR 5 Crore or Partner’s Contribution up to INR 50 Lakhs.
Form 8 (Statement of Solvency and Annual Return) to include Contingent Liability reporting specifically.

Other major Amendments

For filing Consent of Partners, a web-based Form 9 shall be made available which earlier an offline format was to be signed.

As a result of which the Digital Signature of all the Designated Partners instead of 1 as the earlier case, shall be required at the time of Incorporation of an LLP.

Form 28 and Form 29 have been merged. As a result of which form 28 shall require to be filed for the Notice of-

(A) Alteration in the COI (Certificate of Incorporation or Registration)
(B) Alteration in Names and Addresses of any of the person authorized to accept the service on behalf of foreign LLP.
(C) Alteration in the principal place of business in India.
(D) Cessation to have a place of business in India.