LLP Registration

What is LLP Registration?

A Limited Liability Partnership is a legal way for small and medium-sized businesses to run. Since it was first used in India in 2008, it is not very common as a private limited company. Limited Liability Partnerships (LLP) are a good way to run a business because they mix the best parts of partnerships and corporations. This type of business company has the best tax benefits and the least amount of liability. To get an LLP registration, you need a minimum of two partners and two designated partners.

 Benefits of LLP Registration Consultant

An LLP is a unique legal entity that protects its partners’ private assets and limits their liability to the amount they have invested. These are a few of the main advantages of  LLP registration in Kerala.

• Limited Liability: You as a partner are only responsible for your own investments. You are not responsible for the business’s debts or acts. 
• Separate Legal Entity: The LLP is recognized as a separate legal entity from its partners, which lends legitimacy and legal protection.
• Flexibility: LLPs provide operational flexibility, allowing partners to run the business based on their needs and requirements.
• Tax benefits: LLPs are treated as partnerships, which results in lower tax liabilities for both the LLP and the partners because profits and losses are passed through.
• Low cost: The initial cost of investment to start an LLP is low.

Why register a Limited Liability Partnership?

• With minimized liabilities, your personal assets can be protected.
• As it is becoming a very popular business entity in India.
• The best approach to creating a firm that can evolve.
• Best business practices that offer effective tax benefits.
• Investment can be increased to typical levels.

However, it can be seen that LLP is recommended and seen as more suitable for emerging companies and professional service providers

Company Registration Documents

Here is the list of LLP registration documents according to what kind of registration you are undertaking.

For Partnership firm registration, the following documents are required:

• Address Proof of the Business Place: Rent Agreement and NOC from Landlord for the rented property and Electricity Bills or any other Address Proof for own property.
• Identity and Address Proof of the Partners (PAN Card, Passport, Voter ID, Aadhaar Card, or Driver’s License Copy).

The LLP registration requires the following documents:

• LLP Email ID
• Rental Agreement from the landlord if the premises are rented
• No-objection letter from the landlord
• Proof of Registered Office Address, such as the latest Power Bill

The Designated Partners must submit the following documents for LLP registration:

• For Foreign Designated Partners, an International Passport is mandatory
• Mobile Numbers linked with their Aadhaar
• Email IDs
• Latest passport-size photograph
• Address Proof (Savings Bank Statement, Telephone Bill, Mobile Bill, or Electricity Bill)
• Identity Proof (Aadhaar Card, Voter ID, Passport, or Driver’s License)
• PAN Card

Why Choose BEQUIP As your LLP Registration Consultant?

Being a professional firm as a LLP registration consultant, we offer customized roadmaps and implementation support by combining our knowledge of finance, accounting, tax, legal, governance, people advisory, corporate secretarial, and investor relations. We combine the finest legal, financial, governance, and advising services to develop a unified plan for the expansion of your company. We combine the finest legal, financial, governance, and advising services to develop a unified plan for your company’s growth.  Whether you are a corporate organisation looking to develop your business or a startup trying to set foot in this competitive world BEQUIP is your right partner. Being the best LLP Registration Consultant in Kochi, Our team offers top solutions with the combination of experience we have in finance, taxation, compliance, and governance.