Limited Liability Partnership (LLP)
Limited Liability Partnership (LLP) is a modern and convenient business structure that combines the advantages of a partnership firm and a company. LLP registration is simple, online and quick with our support services. Here are some of the features and advantages of LLP:
Limited Liability: The partners of the LLP have limited liability, which means that they are only responsible for the amount of capital they have contributed to the LLP. Their personal assets are not at risk in case of any losses or debts incurred by the LLP.
Separate Legal Entity: The LLP is a separate legal entity from its partners, and has its own name, PAN, bank account, and assets. The LLP can enter into contracts, sue and be sued, and own property in its own name.
Flexible Management: The LLP has the freedom to manage its affairs as per the LLP agreement, which defines the rights and duties of the partners. There is no need to follow any rigid rules or procedures as prescribed by the law for companies.
Tax Benefits: The LLP enjoys various tax benefits under the Income Tax Act, such as lower corporate tax rate, exemption from dividend distribution tax, and deduction for interest paid to partners.
Easy Compliance: The LLP has minimal compliance requirements compared to other types of companies. The LLP only needs to file annual returns and financial statements with the Registrar of Companies (ROC), and does not need to hold annual general meetings, board meetings, or appoint auditors.
If you are interested in registering an LLP, we can help you with the entire process, from obtaining the digital signature certificate (DSC) and director identification number (DIN) of the partners, to filing the name approval and incorporation forms with the ROC. We also provide post-registration services such as PAN and TAN registration, GST registration, bank account opening, and trademark registration. Contact us today and get your LLP registered in no time!
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About Our Company
Accounting , Internal Auditing Services in Chennai, Trichy, Madurai, Salem, Erode.
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