LLP (Limited Liability Partnership) is a relatively new business structure in India, offering a blend of the advantages of a partnership and a company. If you’re planning to start a business in Delhi, an LLP can be a suitable option.
Key Benefits of LLP Registration in Delhi:
- Limited Liability: Partners are not personally liable for the debts or liabilities of the LLP.
- Flexibility: LLPs enjoy a flexible structure, allowing for a variety of ownership and management arrangements.
- Tax Benefits: LLPs can avail of various tax benefits, including deduction of the salaries of partners and the LLP itself.
- Easy Formation and Management: The process of forming and managing an LLP is relatively straightforward compared to a company.
Steps Involved in LLP Registration in Delhi:
- Choose a Name: Select a unique name for your LLP that complies with the guidelines set by the Ministry of Corporate Affairs (MCA).
- Obtain DIN: Obtain a Digital Identification Number (DIN) for each designated partner.
- File the LLP Agreement: Prepare and file the LLP Agreement with the Registrar of Companies (ROC) in Delhi.
- Submit Form LLP-1: Submit Form LLP-1 along with the necessary documents to the ROC.
- Obtain Certificate of Incorporation: Upon successful verification, the ROC will issue a Certificate of Incorporation, marking the official formation of your LLP.
Required Documents for LLP Registration:
- Identity proof and address proof of designated partners
- Proof of registered office address
- LLP Agreement
- Declaration by designated partners
- Fees and charges payable to the ROC
Cost and Timeframe:
The cost of LLP registration in Delhi can vary depending on factors such as the number of designated partners and the complexity of the LLP Agreement. The approximate timeframe for the registration process is typically 3-4 weeks.
Note: It’s advisable to consult with a professional like a chartered accountant or company secretary to ensure compliance with all legal requirements and to streamline the registration process.