Limited Liability Partnership

Incorporating a Limited Liability Partnership (LLP) in India involves several key steps and legal considerations. At Accounting VAKIL, we provide comprehensive assistance to ensure a smooth and compliant incorporation process for your LLP.

Name Reservation:

The first step is to choose a unique name for your LLP and check its availability. We assist in reserving the name with the Registrar of Companies (ROC) to ensure compliance with naming guidelines.

Partners' Identification:

Identify and obtain Designated Partner Identification Number (DPIN) for all partners of the LLP. DPIN is required for designated partners to digitally sign incorporation documents.

Digital Signature Certificate (DSC):

Obtain Digital Signature Certificates (DSC) for designated partners, as DSC is mandatory for digitally signing incorporation documents.

LLP Agreement Drafting:

Draft an LLP Agreement outlining the rights, duties, and responsibilities of partners, profit-sharing ratios, decision-making processes, etc. Our legal experts assist in drafting a customized LLP Agreement tailored to your specific business requirements.

Filing of Incorporation Documents:

Prepare and file the incorporation documents, including Form-2 (Incorporation Document and Statement), Form-3 (Details of LLP Agreement), and Form-4 (Consent of Partners), with the ROC.

Obtaining LLPIN and PAN:

After successful incorporation, obtain LLP Identification Number (LLPIN) and apply for a Permanent Account Number (PAN) for the LLP. PAN is essential for opening a bank account and tax compliance.

Bank Account Opening:

Open a bank account in the name of the LLP and deposit the initial capital contribution as per the LLP Agreement. A bank account is necessary for financial transactions and compliance purposes.

GST Registration (if applicable):

Depending on the nature of your business activities, register for Goods and Services Tax (GST) if your LLP meets the GST registration criteria.

Compliance Support:

Post-incorporation, we provide ongoing support to ensure compliance with regulatory requirements, filing of annual returns, maintenance of statutory registers and records, tax compliance, and other legal obligations.

By partnering with Accounting VAKIL, you can rest assured that your LLP incorporation process is handled professionally, ensuring legal compliance and setting a strong foundation for your business venture. Let us be your trusted advisor in incorporating and managing your LLP effectively.