Get Your LLP Registration in Bangalore with Experts
LLP Registration in Bangalore
Features of Our LLP Registration Services -
- Quick Registration
- Expert Consultation
- Perfect Documentation
- 15+ Years of Domain Expertise
LLP Registration starts at ₹4,999/-
What is LLP Registration?
The Limited Liability Partnership (LLP) concept was introduced in India in 2008. LLP has the characteristics of both the partnership firm and the company. Limited Liability Partnership Act 2008, regulates the LLP in India. They require a minimum of two partners to incorporate an LLP. However, there is no upper limit on the maximum number of partners of an LLP. Registering an LLP company requires proper documentation, which Actax India experts do with excellence.
Benefits of LLP Registration in Bangalore
- LLP has a separate legal entity, like companies.
- It limited the liability of each partner of LLP is limited contribution made by the partner
- Low cost and less compliance.
- No requirement for minimum capital contribution
- Builds goodwill and also supports customer attraction
- Funding becomes easier as Banks and financial institutions give you loans easily if you have an LLP.
How To Register LLP Firm in Bangalore?
You can register an LLP firm completely online or by meeting expert professionals physically with proper consultation. It is always advisable to meet professionals & proceed. Many online company registration processes are bound to have limitations like improper communication, delayed responses, wrong documentation, etc., Meet our Actax Experts at the office in Bangalore for LLP Registration & proceed with expert consultation.
How LLP Registration Works with Actax India?
Get LLP Registration in Bangalore in 3 easy steps!
Limited Liability Partnership (LLP) carries lots of benefits. Actax India takes you through the whole process starting from getting a Registration Certificate to preparing a partnership Deed.
Answer for Questions
Our experts help you resolve all your queries about LLP Registration
Help Required Documents
With help of our experts complete all documentation process for LLP Setup
Company Incorporation
our Incorporation certificate, DSC, MOA & AOA will be sent to your registered mail.
Requirements of LLP Registration in Bangalore
List of Required Documents
The core documents required for registering a Limited Liability Partnership (LLP) are ID Proofs of the Partners (i.e., Aadhar Card, Voter Card, etc.), their residential proof (e.g., electricity bill, gas bill, etc.), passport (in cases of foreign nationality), DSC and DIN of the partners and proof of registered office.
Application for DSC and DIN
Just like all the company registration procedures, an LLP formation also demands the steps of DSC and DIN application. Firstly, the documents of the proposed partners should be submitted to obtain the DSC (Digital Signature Certificate) from the MCA Portal. The documents include a PAN card, Aadhaar card, Voter card, Photo, Contact number, and email ID. This gets followed by the attainment of DIN. The DIR-3 Form works here as well.
Name Approval and Application for Registration
The name approval process is facilitated as per the MCA guidelines, and in the next step, the FiLLiP form is leveraged to facilitate an application for LLP Registration. The form demands essential information about the partners, the proposed LLP and LLP agreement, along with a declaration from the partners, that they are willing to take on the roles and responsibilities of business partners.
Filing of LLP Agreement
As a unique step of incorporating the LLP, draft an LLP agreement outlining the duties, obligations, and rights of the partners. After that, notarize the agreement and file it to the MCA, within 30 days of company registration.
Obtain CIN and Apply for PAN & TAN
Finally, obtain the “Certificate of Incorporation” from the ROC and subsequently apply for the company PAN and TAN.
Other Essentials
There are no minimum capital requirements for establishing a LLP. The entire process of LLP registration approximately takes 10 days. The registration fee for LLPs in Bangalore is approximately ₹7,499 (including Government fees and Professional fees).
Step Wise Detailing of LLP Registration Process in Bangalore
Reserve Name
Reserve your LLP Name with MCA
Get DSC
Get DSC for proposed Designated Partners
File LLP Form
We file LLP Incorporation Form
Get Certificate
ROC issues Incorporation Certificate
Draft Agreement
We draft Partnership Agreements among designated partners
File LLP Agreement
The agreement prepared is filed with MCA
Documents Required for LLP Registration in Bangalore
Documentations of both the partners and firm have to be submitted for registering the LLP.
- ID Proof of Partners
- Residence Proof of Partners
- Address Proof of Partners
- Photograph
- Passport (in case of Foreign Nationals/ NRIs)
- Proof of Registered Office Address
- Digital Signature Certificate
Cost of LLP Registration in Bangalore
LLP registration costs typically comprise several components, including filing fees, legal fees, and professional fees. The exact amount you’ll need to allocate for each component will depend on various factors, such as the jurisdiction in which you’re registering, the complexity of your business, and the services you require.
Actax India experts assist you with various aspects of the LLP registration process. We have expertise in ensuring compliance with MCA rules, maintaining proper records & fulfilling ongoing reporting requirements. Our professional fees can vary depending on the scope of service required. With expertise of more than 15 years, we have a track record of providing reliable & efficient services. Learn More about LLP Registration Costs here.
What Are the Mandatory Annual Compliances For LLP Registration?
Overview of Annual Compliances Required for LLP in Bangalore, India
A Limited Liability Partnership enjoys a separate status. Thus, an organization needs to maintain its active status by regularly filing with the Ministry of Corporate Affairs (MCA). Annual compliance filing is mandatory for any LLP, whether having a business. Annual compliance for LLP requires filing two separate forms. One of which is for Annual Return, whereas another one is for Statement of Accounts and Solvency.
LLP Annual Filing Forms:
Form 11:
Form 11 is a statement of annual return. Require every LLP to file an Annual Return in Form 11 to the Registrar within 60 days from the closure of the financial year, i.e, Annual Returns have to be filed by 30th May every year.
Form 8:
Form 8 is a statement of accounts. Require every LLP to prepare and close its accounts by the 31st of March every year. F0rm 8 is to be filed by at least two Designated Partners with the Registrar within 30 days after completion of six months of the Financial Year, i.e. 30th October every year.
Know more about the List of Mandatory Annual Compliances For LLP [2024]
FAQs on LLP Registration in Bangalore
Some Frequently Asked Questions About LLP Registration in Bangalore
Yes, you can register LLP at your home address. But, it is always advisable to register LLP in a new business address to avoid some future risks involved.
Cost of registering LLP is less than private limited. LLP started recently by government keeping small businesses in focus & to make process & compliance easier for small business who trade under LLP name.
For any business, that exceeds ₹40 Lakhs annual turnover (₹ 20 Lakhs for service providers) it is required to get GST Registration under Goods & Services Tax Acts & Rules. Also, it is not mandatory to register GST soon after incorporation or during incorporation.
LLP requires at least 2 members to start with. If you are looking for 1 person as member, y0u can opt for One Person Company.
LLP Registration in India takes on average of 10 to 15 days depending on the movement of documents. For non conflicting documents, registration process becomes faster!
There is no minimum initial investment or capital required to start LLP in India. The minimum investment is ‘zero’.
The LLP formation cost varies from firm to firm. Here we have explained in detail about the legal cost of LLP Registration.
Choosing the business structure (Company Structure) depends on the type of business, number of board directors, investment available, future plans of a company. We suggest you to consult our Experts. Click here for more details about company registration.
To register an LLP in Bangalore, there are set of mandatory & basic documents required. For more details on understanding documents requirement click here.
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