Aino Management Consultancy Pvt Ltd

ADVANTAGES & BENEFITS

Limited Liability Protection to Partners personal assets

Many times startups need to borrow money and take things on credit. In case of normal Partnerships, Partners personal savings and property would be at risk incase business is not able to repay its loans. In an LLP, only investment to start a business is lost, personal assets of the Partners are safe.

Better image and credibility in Market

Limited Liability Partnership (LLP) is a popular and well known business structure in the world. Corporate Customers, Vendors and Govt. Agencies prefer to deal with LLP instead of proprietorship or normal partnerships.

Statutory Audit from Tax Audit.

LLP is easy to manage and statutory audit is not required for Limited Liability Partnership. LLP is most ideal for small enterprises. Tax Audit is also not required for LLPs with capital less than Rs. 25 lac and turnover not exceeding Rs. 40 lac.

Continuity of Business

LLP continues to exist beyond the existence of its Partners. This is not possible in traditional partnership firms.

MINIMUM REQUIREMENTS

for Company Registration

1. Minimum 2 Partners

2. If a body corporate is a Partner, it has to nominate a natural person as its Nominee

3. There is no concept of share capital, but each Partner has to contribute towards capital of LLP

4. DIN (Director Identification Number) for all the Designated Partners

5. DSC (Digital Signature Certificate) for all the Designated Partners

6. Address proof for office of LLP

WHAT ALL YOU GET

with Limited Liability Partnership (LLP)

1. DIN for 2 Partners

2. Digital Signature for 2 Partners

3. Incorporation Certificate

4. LLP Agreement

5. LLP PAN Card

6. LLP TAN/TDS Number

7. Master File of all docs filed for Incorporation

Start Limited Liability Partnership

5 SIMPLE STEPS

to Register Limited Liability Partnership (LLP)

1. Basic documents of partners

2. Obtain DSC

3. Preparation of MOA,AOA & legal documents

4. Filing incorporation documents

5. LLP Incorporation certificate