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Limited Liability Partnership (LLP) registration in Pune is now a popular and practical business choice. LLPs combine the advantages of a company's limited liability with the operational flexibility of a partnership, resulting in a streamlined and advantageous business structure.
Protected Personal Assets: Partners benefit from limited liability, safeguarding their personal assets from the LLP's debts and obligations.
Distinct Legal Status:: An LLP is recognized as a separate legal entity, enhancing its credibility and offering robust legal protection.
Operational Adaptability: LLPs offer significant flexibility in management, allowing partners to tailor the business operations to their specific needs.
Favorable Tax Structure: LLPs are taxed as partnerships, which can result in reduced tax burdens for both the LLP and its partners, as profits and losses are distributed directly.
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
Bizpole streamlines LLP registration in Pune, offering expertise to navigate legal complexities and ensure compliance. Their comprehensive services, combined with a customer-focused approach, aim for a seamless experience LLP registration.
Registering an LLP in Pune provides limited liability protection for partners, operational flexibility, separate legal entity status, simplified compliance compared to companies, and favorable tax implications..
Typically, you'll need partner's PAN cards, Aadhaar cards, passport-sized photographs, proof of registered office address, and the proposed LLP agreement. Specific requirements may vary, so consulting with a professional is advisable
The timeframe can vary depending on document completeness and government processing times, but generally, it can take anywhere from 10 to 15 working days
Yes, NRIs can be partners in an LLP registered in Pune, subject to certain compliance requirements
LLPs in Pune are required to file annual returns, income tax returns, and statements of accounts and solvency with the Registrar of Companies
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