How to Incorporate a New Limited Liability Partnership Registration India
How to Incorporate a New Limited Liability Partnership Registration India
In India, businesses operate as companies, sole proprietorships or partnerships. LLPs have bridged this gap by offering the benefits of both the partnership and company structure. This is especially helpful for firms providing professional services. It also offers tax benefits and the ease of transferring ownership. Moreover, it provides more flexibility to the owners and helps in attracting foreign investments.
The first step is to acquire a digital signature certificate for the designated partners of the proposed Limited Liability Partnership. This is because all documents filed online require digital signatures. You can obtain these from government recognized certifying agencies. The cost of acquiring a DSC varies depending on the certifying agency.
Next, all the designated partners need to apply for a Director Identification Number (DIN) for themselves. This can be done using Form DIR-3. You need to provide your PAN card, address proof and photograph as part of the application. You should also submit the address of your registered office. If the office is rented, you will need to submit the rent agreement along with a NOC from the landlord.
Once you have registered your LLP, it is important to file certain periodic documents with the registrar of LLPs, GST department and Income Tax department. These documents include profit & loss account, balance sheet, Schedules to accounts and Directors Report etc. We can assist you in getting all these compliances done at an affordable rate.
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