LLP Registration in Kerala

Benefits of LLP Registration in Kerala

Limited Liability: The partners are not personally accountable for the debts and liabilities of the LLP

Separate Legal Entity:: The LLP is recognized as a distinct legal entity from its partners, providing credibility and legal protection.

Flexibility: LLP offers operational flexibility, which allows partners to run the business as per their needs and requirements.

Tax Benefits: LLPs are taxed as partnerships, resulting in lower tax liabilities for the LLP and partners as profits and losses are passed through.

Reasons for LLP Registration in Kerala

Here are the major reasons why people prefer LLP:

No minimum contribution requirement

No owner limit

Low compliance cost

No compulsory audit requirement

Dividend Distribution Tax (DDT) is not applicable

Fund management flexibility

LLP Incorporation made easy

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

Why Choose Bizpole for LLP Registration in Kerala?

Bizpole is the ideal choice for LLP registration in Kerala due to their expertise, efficiency, and customer-centric approach. With a track record of reliable service and comprehensive support, they ensure a hassle-free and seamless experience, making them the preferred partner for LLP registration.

FAQs

1. How much does it cost to run LLP in Kerala?

The cost of running an LLP in Kerala varies based on various factors like the size of the business, compliance requirements, etc.
2. How long does it take to register an LLP in Kerala?

The process of registering an LLP in Kerala usually takes around 15-20 working days.
3. Is registration of LLP compulsory for the whole of Kerala?

Registration of LLP is not compulsory for the whole of Kerala, but it is highly recommended.
4. Can a foreign national be a partner in an LLP in Kerala?

Yes, foreign nationals can be partners in an LLP in Kerala, subject to FEMA regulations.
5. How many people are required to form an LLP in Kerala?

A minimum of two designated partners are required to form an LLP in Kerala.

Trusted by startups, small businesses,
and Fortune 1000 companies

Randeep Sudan

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 saleesh

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.

Mahesh

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.

Navy George

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.

Limited Liability. Unlimited Partnership In Kerala