Limited Liability Partnership is relatively a new form of business organization in India. The enactment was passed in the year 2008 providing a unique blend of ‘Limited’ company to a partnership firm. Partnership is the most flexible form of organization having Unlimited liability on the investors or partners. Hence, LLP removes that disadvanta
Limited Liability Partnership is relatively a new form of business organization in India. The enactment was passed in the year 2008 providing a unique blend of ‘Limited’ company to a partnership firm. Partnership is the most flexible form of organization having Unlimited liability on the investors or partners. Hence, LLP removes that disadvantage by making it an ideal form of business organization.
The process of an LLP is almost same as that of a Private or Public Company with a simplification of compliances. Maintaining an LLP is relatively an easy affair on legal front. An LLP can be started by any two or more persons (atleast one of such designated person should be from India; the others may be from India/abroad). The process begins with getting a Designated Partner Identification Number (DPIN) à Digital Signature (DSC) à availing a name for the LLP à preparing LLP Agreement à selecting a Registered office (a place in India) à appointing Partners & Designated Partners à filing online to get the Certificate of Incorporation from Registrar of LLP under Ministry of Corporate Affairs. A step ahead is à to file a Declaration by the partners post formation.Then, LLP being a separate legal entity, has its own set of registration under tax, labour & establishment laws and other compliances under LLP laws.We understand that as a startup, you have a business idea to carry on but may not have necessary support and knowledge to execute your business. After considering your needs, we have created customized service packages that can help you in executing your idea into realty. We also offer the facility, where after considering the business prospect, we provide all our services in consideration of minimum fees and equity shares in the business based on valuation of our services.Corporate Law Advisory & approval Package:Pre-implementation stage [will vary on case to case basis]
- Advising you the business structure (company, LLP, partnership) after analyzing your business needs
- Assisting you in establishing the business structure
- Assisting in procuring the approvals /licences , if any required to start up the business
- Assisting in getting the preliminary tax and commercial registrations.
- Assisting in drafting necessary JV/Shareholders/Partnership Agreements
Implementation stage [will vary on case to case basis]
- 1.Company Incorporation [Rs.25,000 per transaction*]
- Preparing & filling application for Digital Signatures
- Preparing & filling application for Designated partners Identification Number
- Preparing & filling name application with Registrar of Companies
- Preparing & filling of incorporation documents with Registrar of Companies
- Liaisoning with Registrar of Companies for incorporation
- 2.Tax Numbers
- Obtaining Permanent Account Number
- Obtaining Tax Deduction at Source Number
- Obtaining IEC number for export/import activities
- 3.Bank Account
- 4.Company Kit
- Company Seal & Stamp
- Share Certificates
- Statutory registers
- 5.Compliance
- Initial Foreign Exchange Compliance
- 6.Memorandum & Articles of Association
- Printing of copy of Memorandum & Articles of Association
- 7.Registered(currently in Chennai, Sivakasi & Hyderabad only)
- Registered Office facility
Post implementation [will vary on case to case basis]
- Assisting in Drafting of legal agreement, organizational policies etc
- Assisting in Trademark and Copyright Agreement and registrations
- Assisting in Legal Compliance Management
- Assisting in maintenance of corporate secretarial records (periodic statutory filings, Board papers, maintenance of statutory registers, interacting with statutory auditors)
- Assisting in appointment of statutory auditors and company secretary for the company
