Why Limited Liability Company?
- LLP is an alternative business form that gives the benefits of limited liability of a Company and the flexibility of a general partnership.
- LLP requires minimal compliances and can be a smart choice from a tax perspective.
- Registration cost for LLP is cheaper to incorporate than a private limited company.
About Limited Liability Company :
- Being the separate legislation (i.e. LLP Act, 2008), it is regulated by the contractual agreement between the partners.
- A Limited Liability Partnership (LLP) is a partnership in which some or all partners have limited liability. It therefore exhibits elements of partnerships and corporations.
- In an LLP, one partner is not responsible or liable for another partner’s misconduct or negligence.
- Munshijee provide seamless and hassle free registration process .
- Because It is throughout Online Process so you would not need to be physically present at all.
- If your document set is complete, we mostly take less than 15 days for company formation.
Document Required for Registration
- PAN Card
Any one of these
- Aadhar Card
- Votar ID
- Driving License
- Bank Statement
- Electricity/ Gas bill or Phone/ Mobile bill
Passport Size Photo
- Passport Size Photo
- NOC from the Owner
- Utility Bills with
Any one of these
- Rent Agreement
- House Tax Receipt
- Proof of Registry
What will you get in this Package?
Defines the rules that govern the company
Digital signature to file taxes etc. for the company
Company PAN Card
PAN Number of the company
Tax Deduction Number
A minimum of “two” partners with no maximum limit are required to incorporate a Limited Liability Partnership.
Typically, only start-ups that will not be looking for venture capital funding register LLPs. This is because venture capitalists only invest in private and public limited companies.
No, LLP is not an apt structure to raise funds from Private investors. Investors tend to invest in a company in lieu of the equity or stake in the business, rather they would be admitted as partners.
Yes, You can incorporate an LLP with your residential address. There is no mandatory requirement to have a commercial place to open up an LLP.
The validity of an LLP is subject to the regular annual compliances. In the case of a non-compliance, the LLP will become Dormant and will be removed from the registration after a certain period of time.
No, but it is mandatory to convert an OPC to a private or public limited company if turnover of company is over Rs. 2 crore or paid up capital is over 50 Lakhs.
Compare and Select
Ease of accomodating Investment
Private Limited Company
Startups and growig companies
Limited Liability Partnership
Professional services firms
Possible, but unlikely
One Person Company
Possible, but serverely unlikely
Small traders and manufacturers