Limited Liability Partnership LLP Registration in Bangalore
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Online Limited Liability Partnership (LLP) Registration in Bangalore
Limited Liability Partnership (LLP) firm is formed by many small and medium-sized businesses today. There are various reasons why small businesses are choosing to form LLP firms. To form an LLP firm, a minimum of 2 people are required. However, there is no limit on maximum members in LLP firms. Besides, it will also need a small capital to form an LLP firm.
By doing LLP Registration in Bangalore, the firm will get its own image separate from its members. It can enter into contracts and sell or buy properties in its name. The main advantage of forming an LLP firm is that the partners get limited liability. LLP (Limited Liability Partnership) firms can run even after the death or insolvency of all the partners.
The features of an Limited Liability Partnership firm are the same as that of a partnership firm and company. Even the partners are liable to pay the amount that they have agreed to contribute in case of losses. The cost of registering an LLP firm is lower than other companies and firms. LLP firm registration takes less time and it has fewer regulations and compliances. Moreover, Limited Liability Partnership (LLP) firm is easy to form and manage.
Process of Online LLP Registration in Bangalore
Obtaining DSC and applying for DPIN
The first step in online limited liability partnership (LLP) Registration in Bangalore is to take Digital Signature Certificate from every partner. Then you have to apply for DPIN by giving DPI3.
Get Name Approval
Then you have to apply to receive approval for the name of your LLP firm. The name of your firm must be unique.
Filing of Incorporation Application
After receiving approval for the firm’s name, you have to apply for incorporation with ROC of the area in which your office is situated.
Filing of LLP Agreement
Finally, you have to file an LLP agreement within 30 days of the incorporation date. This agreement contains the rights and duties of every partner.
Advantages of LLP Registration in Bangalore
Low Cost of Registration
LLP firm has a lower cost of registration than other companies and firms. Apart from that, it is also simple to register an LLP firm in India.
Fewer Regulations and Compliances
LLP Registration in Bangalore has fewer regulations than other companies. LLP firm has to file only 2 documents in a year.
Limited Liability of Partners
The partners of LLP firms have limited liability and they should pay only the agreed amount in case of losses.
No Mandatory Auditing
LLP firm does have to get its accounts audited every year. However, it has to get its accounted audited if the annual turnover is more than 40 lacs.
Documents Required for LLP Registration in Bangalore
- Proof of Partner
Aadhar Card and PAN card of all the partners
- Address Proof
Ownership deed, property tax receipt, water bill, or electricity bill of every partner
- Bank Account Statement
Bank passbook and bank account statement of every partner
- Passport Size Photo
Latest passport size photo of every partner
- Registered Office Proof
Address proof of registered office of business place
- Passport
Foreign nationals must provide their passport
- LLP Agreement
LLP agreement with stamp paper
Why Choose ExpertBells for Bangalore LLP Registration?
We offer hassle-free Bangalore LLP firm Registration at reasonable rates.
It is simple to add Company Types and do online registration of LLP firms on our site.
Check out our local presense: LLP Registration in Agra, LLP Registration in Delhi, LLP registration in Jaipur, LLP registration in Bangalore, LLP registration in Chennai, LLP registration in India, LLP registration in Mumbai, LLP registration in Pune
LLP Registration Packages
Basic
What's included
- LLP Registration
- Digital Signature Certificate (2 Nos.)
- Expert Consultancy
Basic
What's included
- LLP Registration
- Digital Signature Certificate (2 Nos.)
- GST Registration
- Expert Consultancy
Basic
What's included
- LLP Registration
- Digital Signature Certificate (2 Nos.)
- GST Registration
- Udyam Registration
- GST Filings GSTR3B & GSTR1 (for 6 Months)
- Expert Consultancy
Frequently Asked Questions (FAQ's)
How to convert a partnership firm into an LLP firm?
You have to fill up Form 17 and Form 2 to convert a partnership firm into an LLP firm.
Can two LLP firms merge?
Yes, 2 LLP firms can merge by following provisions of sections 60 to 62.