Now Register your LLP in the easiest way ever!

One of the most recent types of business in our country, Limited Liability Partnership (LLP) is gaining reputation with time. The main reason behind its lovability is its being a commercial business which offers twin advantages, both the benefits of a company and flexibility of a partnership firm. Another reason which makes it popular is that it is considerably cheaper to start and maintain. There are several other benefits of LLPs like:

• On the subject of the number of partners in a LLP, the only specification is that it requires minimum 2 partners, no limit on maximum partners.
• As for the minimum capital requirements, no limit is set and a partner may contribute in terms of tangible, intangible, movable or immovable property or in the form of any other benefits to the LLP.
• The cost of getting a LLP registered is considerably lower as compared to that of incorporating a private limited company.
• A Limited Liability Partnership is required to get the audit done only if its contributions exceed Rs. 25 Lakhs, or if it’s annual turnover exceeds Rs. 40 Lakhs.
• Though the LLP or the firm has to pay income tax, the share of the partners in LLP does not come under taxation i.e., no tax is payable by the partner and thus the partners have an easy access to the profits.

In order to get a Limited Liability Partnership registered in India a few documents and certificates are to be obtained and certain steps are to be followed. Those are as follows:

• Digital Signature Certificate is required as it is essential for obtaining the Designated Partner Identification Number(DPIN).
• Designated Partner Identification Number. DPIN is further used with Director Identification Number (DIN) in the incorporation of a company.
  

• For getting the name of your company approved, you will have to file an application at the Ministry of Corporate Affairs.
• After getting the name approved, the Partners of the LLP can give in an application for incorporation of LLP to the Ministry of Corporate affairs, along with the mandatory documents.
• Further, the LLP Agreement has to be signed and filed by the Partners within 30 days of the incorporation of their LLP. If not done so, you may have to pay a huge amount of fine.

All the legal formalities involved in this process are undoubtedly tedious and require a lot of time and energy. It is not an easy task to get into all the complexities of legal matters as the risk of making a mistake and then paying high fines always stands. However, not everybody has to go through the stressful process as the eFilingportal.in has now made it possible for future businessmen anywhere in India to register their LLP online, sitting at their home.

So all those who want to enjoy the process of turning their dream business into reality can contact us at www.eFilingPortal.in to avail our exclusive facilities.

This article is about Limited Liability Partnership Registration  and Limited Liability Partnership For More information Please visit here : https://efilingportal.in/