How Much Is LLP Registration Fees In India

In India Limited Liability Partnership (LLP) is a new form of business, it is a mixture of both company and a partnership firm. As in LLP, there is no shareholder or director like in a company it has partners/designated partners like a partnership firm. It is now a very popular and best option for professionals and small or medium organization. It is registered with the ROC which comes under the Central Government of India. An LLP can be registered in any part of India but it can operate its business all over India. A partnership firm is controlled by the state government therefore if any partnership firm wants to run its business in any other part of the country then it has to take approval from that state government first, but in the case of LLP, there is no restriction as it is already registered with the central government.

LLP registration cost is lower in comparison to companies like private limited or public limited company. The burden of compliances is less and charges are also low like a company has.

Features of LLP:

1. Minimum 2 persons are required as a designated partner and for maximum, there is no limit
2. There is no minimum capital requirement
3. There is no need to appoint an auditor, independent director, etc.
4. The burden of compliances is also lower than companies
5. There is no need to pay a 15% Dividend Distribution Tax on profit sharing
6. Tax audit is mandatory only when the turnover of LLP exceeds Rs. 40 lakhs or capital contribution exceeds Rs. 25 lakhs.
7. The LLP has its own identity different from its partners. It can buy, sell, rent, pledge, borrow etc. properties in its name.
8. The liabilities of the partners are limited means they are not personally liable for any act done by LLP in its name and by other partners.
   

Documents of LLP registration:

1. For registered office address:

• If the property is owned then sale deed/ ownership documents/ house tax receipt
• If the property is rented then rent agreement/ lease agreement
• Utility bill (electricity bill/mobile bill/telephone bill/gas bill) anyone, it should not be older than 2 months
• NOC from the person whose name is mentioned in the utility bill

1. FOR PARTNERS
   

• Indian Resident

• PAN Card
• Id proof (voter id/passport/driving license) anyone
• Address proof (bank statement/telephone bill/mobile bill/ electricity bill) anyone, and it should not be older than 2 months

• Foreign Resident

• Passport and it should be notarized and apostilled in the country it is issued or by the Indian embassy situated in that country
• Address proof (bank statement/ driving license/ passport, etc.) and it should also be notarized and apostilled in the country it is issued

LLP incorporation fees

The LLP registration fees depend upon the amount of capital contribution in the LLP. The higher the capital contribution the higher registration fees. The government charges for registration vary from capital to capital.

Not only registration charges get increased by increasing capital but also the stamp duty on the LLP agreement gets increased. The LLP agreement should be signed and notarized on the stamp paper of the state where the registered office of the LLP is situated and the amount of stamp paper depends upon the capital contribution.

Process of LLP incorporation

1. Name approval application shall be made before filing the registration application. Once it is approved the final application shall be submitted within 3 months from the date of approval
2. All the partners shall have DIN & DSC before final submission. Now as per the new incorporation process DIN can be applied along with the LLP registration, but partners must have DSC
3. Few documents need to be signed by the partners/designated partners after the name approval
4. After completion of all the above steps, a final form needs to be submitted.
5. If all the documents accepted by the registrar then a Certificate of LLP incorporation shall be issued.
6. After receiving the certificate of LLP incorporation, a PAN application shall be made to the NSDL, and the same will be issued by the department
7. The partners have to notarize the LLP agreement on the requisite stamp paper and shall have to submit it to the ROC within 30 days for approval. If the agreement submitted after 30 days then there will be a penalty of Rs. 100/- per day.

Read more here: https://www.registerexperts.com/llp-registration/