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Opting for Limited Liability Partnership (LLP) registration provides a desirable business model. This structure cleverly integrates the limited liability aspect of a company with the operational adaptability characteristic of a traditional partnership, forming a robust business organization...
Limited Liability in Bangalore: In an LLP registered in Bangalore, the personal assets of the partners are shielded from the business's debts and liabilities.
Separate Legal Entity in Bangalore: An LLP in Bangalore is regarded as a distinct legal entity separate from its partners, which bolsters its credibility and offers legal protection.
Operational Flexibility in Bangalore: LLPs registered in Bangalore provide partners with the autonomy to manage and run the business based on their specific requirements and agreed terms.
Tax Advantages in Bangalore: LLPs in Bangalore enjoy the advantage of being taxed as partnerships, which can lead to a lower overall tax burden for both the LLP and its partners due to the pass-through mechanism for profits and losses.
Here are the major reasons why people prefer LLP:
To form an LLP, a minimum of two partners are required with no upper limit.
Each partner is obligated to contribute towards the capital of the LLP as there is no concept of shared capital.
Designated partners are required to obtain a Designated Partner Identification Number (DPIN) and a Digital Signature Certificate (DSC).
The Designated Partners must submit the following documents for LLP registration:
PAN Card
Identity Proof (Aadhaar Card, Voter ID, Passport, or Driver's License)
Address Proof (Savings Bank Statement, Telephone Bill, Mobile Bill, or Electricity Bill)
Latest passport-size photograph
Email IDs
Mobile Numbers linked with their Aadhaar
For Foreign Designated Partners, an International Passport is mandatory
The LLP registration requires the following documents:
Proof of Registered Office Address, such as the latest Power Bill
No-objection letter from the landlord
Rental Agreement from the landlord if the premises are rented
LLP Email ID
For Partnership firm registration, the following documents are required:
Identity and Address Proof of the Partners (PAN Card, Passport, Voter ID, Aadhaar Card, or Driver's License Copy).
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.
The process involves three steps:
Step 1: Wind Up of Company
Step 2: Dissolution of Company
Step 3: Process of Winding up and Dissolution of Company
For an LLP, the process involves the following three steps:
Step 1: Striking Off Name of LLP
Step 2: Procedure for Striking Off Name
Step 3: Determining the liability of partners after striking off the name
Choosing Bizpole for your LLP registration in Bangalore simplifies the entire process. Their expertise assists you in navigating the intricacies of legal requirements and guarantees complete adherence to all regulations. Bizpole's thorough services, along with their client-centered approach, strive to make the registration process seamless and free from unnecessary complications. By entrusting Bizpole with your documentation and regulatory compliance, you secure a dependable ally for meeting your business registration needs in Bangalore. LLP registration.
Bizpole aims to simplify the LLP registration process in Bangalore by providing expertise in navigating legal requirements, ensuring compliance, and offering comprehensive services with a client-focused approach. They can help streamline paperwork and regulatory compliance, potentially saving you time and effor
While specific service details should be confirmed directly with Bizpole, typically, such service providers assist with obtaining DSC and DIN, name reservation, drafting the LLP Agreement, preparing and filing incorporation documents with the RoC, and obtaining the Certificate of Incorporation. They may also offer post-registration services
The time frame for LLP registration can vary depending on the completeness of documents and government processing times. Bizpole should be able to provide an estimated timeline based on their experience in Bangalore. Generally, it can take anywhere from 7-15 working days, excluding government approval times
LLPs in Bangalore are required to file an Annual Return (Form 11) and a Statement of Accounts and Solvency (Form 8) with the Ministry of Corporate Affairs (MCA) annually. They also need to file income tax returns. Audit is mandatory only if the total turnover exceeds ₹40 lakhs or the total contribution exceeds ₹25 lakhs in a financial year.
requirements and offer more operational flexibility. They are also taxed differently, potentially leading to tax advantages
Multivertz Pte. Ltd.
Bizpole is a company with great expertise in the domain of company incorporation and compliance. The company has a team of people who are highly cooperative and helpful.
Geetha's Home to Home
SRIMATHI was very helpful, guided me through the whole process and kept me updated. I am looking forward to working with her again.
Lubegen Lubricants Private Limited
We're very pleased with the professionalism and expertise of the Bizpole team. They were able to help us with our Pvt. Ltd. company registration in a fast and timely manner. Will recommend it to anyone looking for good and timely service.
Malayanma Vision
I had great service with Bizpole,Thanks for helping out with the registration. They have Affordable Prices and Great Customer Support. Truly a One Stop Solution for Business.
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