Uploaded on Dec 19, 2019
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Register of Companies- kanakkupillai
Key things to know when registering a LLP – Kanakkupillai LLP A Limited Liability Partnership (LLP) is a hybrid business structure that combines the best aspects of a Partnership and a Company. The LLP Bill, 2006 was introduced in the Rajya Sabha on December 15, 2006 to combine the tax status of a partnership structure with the advantage of limited liability for its partners. Source – economictimes.com Features Of LLP 1.Separate Entity: An LLP is a separate legal entity, and its continuity does not depend on its partners. 2.Membership The following can be partners in an LLP: Limited Liability Partnerships Foreign Limited Liability Partnerships Companies Foreign Companies Individuals. The formation and running of an LLP requires lesser compliances when compared to the formation and running of a Company. Incorporation of an LLP Step 1: Application for Digital signature Certificate and Designated Partner Identification Number Every individual who is intending to be appointed as designated partner of an LLP shall make an application for a Digital Signature Certificate (DSC). Once the DSC is obtained, the partners shall make an application in Form DIR-3 for obtaining Designated Partner Identification Number (DPIN) Step 2: Reservation of name of the LLP An applicant must get a name reserved for any new LLP to be incorporated or for any conversion of a firm / company into LLP. Once a name is approved, the applicant can apply for incorporation of the LLP, before expiry of the validity of approved name, that is, three months from the date of approval. Form RUN-LLP has to be filed with a fee of Rs. 200 Step 3: Registration of LLP Once the name has been reserved, the applicant has to file an LLP Integrated Incorporation form (FiLLiP) through the MCA portal. Form FiLLiP has to be filed with the following fee along with the applicable Stamp Duty Step 4: Certificate of Incorporation Upon successful registration of the LLP, the RoC shall issue a Certificate of Incorporation in Form 16 under the seal of the Registrar. This certificate contains the LLP Identification Number (LLPIN) Step 5: Limited Liability Partnership Agreement LLP Agreement is the document that defines the relationship between the partners and their rights and duties vis-à-vis the LLP. An LLP agreement lays down terms and conditions for admission and removal of partners, consequences of death of a partner, sharing of profit and loss, dispute resolution, partners' duties and responsibilities, among others. If the agreement has been executed before incorporation, the partners have to ratify the agreement after registration and have to file Form 3 with the RoC within 30 days of incorporation. LLP Registration Consultants Get your LLP enrolled in 12 days in Chennai with Kanakkupillai. Free Expert Support; Free TAN Enlistment; Free Consulting; Least in the market with all legal procedures done at your doorstep. Call us @7305345345 and get your registrations done . Contact Us CHENNAI OFFICE No 13/22 2nd floor,Yatra, TNGO Colony, West Karikalan street, Adambakkam, Chennai – 88 Phone: 7305 345 345 Email: [email protected] https://www.kanakkupillai.com/ Thank You
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